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The Reserve Bank of India’s latest forex measures have helped the rupee rebound from last week’s lows, taking it past 95 per dollar to 94.9125 on October 14, its strongest level in more than a month. The currency has gained around 2 percent this week, as the central bank’s steps to curb speculation…
RBI has deployed an estimated $75 bn-$80 bn through spot dollar sales and currency swaps since June, as high oil prices, rising US Treasury yields and foreign equity outflows weigh on the rupee