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RBI likely intervenes to support rupee, conducts swaps, traders say

The Indian central bank likely intervened in the foreign exchange market on Wednesday to bolster the rupee, as maturing non-deliverable forward contracts created downward pressure. The Reserve Bank of India also reportedly utilized dollar-rupee buy/sell swaps…

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RBI likely intervenes to support rupee, conducts swaps, traders say

The Indian central bank likely intervened in the foreign exchange market on Wednesday to bolster the rupee, as maturing non-deliverable forward contracts created downward pressure. The Reserve Bank of India also reportedly utilized dollar-rupee buy/sell swaps…

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Originally published by The Times of India. Read the full article →

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