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RBI Steps In As Rupee Nears Record Low, Know- What Are The New Forex Rules & How Will They Impact The Currency?

RBI Steps In As Rupee Nears Record Low, Know- What Are The New Forex Rules & How Will They Impact The Currency?
Photo: Free Press Journal · view original

Mumbai: The Reserve Bank of India (RBI) has announced measures to support the rupee as the domestic currency faces pressure from foreign capital outflows, rising crude oil prices and strong dollar demand. The central bank has tightened foreign exchange derivative rules and introduced a special do...

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