🇮🇳 India
2h ago
Can RBI’s six forex measures help stabilise the rupee?
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The Reserve Bank of India has introduced several measures aimed at stabilizing the value of the rupee. These steps have successfully lifted the rupee's value against the dollar by approximately 150 paise. A new cash reserve requirement affects large foreign exchange derivatives, increasing hedging costs for companies. The central bank has also restricted speculative trading in rupee currency derivatives to help control the market.
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