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Rupee rises 91 paise to 95.80 after RBI measures curb volatility and curb dollar demand amid oil-price pressure.
RBI intervention: Indian rupee rebounds sharply against the US dollar by 91 paise in early trade following new central bank measures to contain market volatility and curb speculation.
The Indian rupee gained against the US dollar after the Reserve Bank of India announced several intervention measures. These actions aimed to stabilize demand from oil companies and curb speculative trading. The RBI implemented restrictions on foreign exchange derivatives and increased cash reserves for banks. Despite…