Reserve Bank of India takes steps to support rupee, opens dollar window for oil companies

Mint has reported a new India-focused economy development: “Reserve Bank of India takes steps to support rupee, opens dollar window for oil companies.” The publisher's feed describes the story as follows: India’s central bank announced measures to ease pressure on the rupee, including supplying dollars directly to three state-run oil companies and tightening rules on currency derivatives. The steps aim to reduce foreign-exchange market demand and volatility as the rupee trades near its record l
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