RBI steps in to support rupee as currency nears record low; tightens forex rules
The Economic Times has reported a new India-focused economy development: “RBI steps in to support rupee as currency nears record low; tightens forex rules.” The publisher's feed describes the story as follows: The Reserve Bank of India has announced new measures aimed at stabilizing the rupee's value in foreign exchange markets. These measures include tightening foreign exchange derivative norms and creating a special window for oil marketing companies. By implementing a cash reserve requiremen
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