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The rupee on Monday logged its best single-day gain since April 2, rallying 96 paise, or more than 1%, to close at 95.75 against the US dollar, after the Reserv
Using a stressed scenario, SBI Research estimated that India’s foreign exchange reserves are around $100 billion higher than stressed adequacy norms, providing a substantial buffer against external shocks.
The Reserve Bank of India has implemented emergency measures to stabilize the rupee, which is facing strong global pressure. Analysts indicate that the rupee may continue to decline despite these efforts. The rupee