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4 hours ago

RBI sold $6 billion in May to defend oil-hit Indian rupee, data shows

RBI sold $6 billion in May to defend oil-hit Indian rupee, data shows

The Reserve Bank of India sold a net $6.1 billion in the ​foreign exchange market in May, ​data released on Wednesday showed, as a sharp rise ​in oil prices due to the Iran war pushed the rupee to an all-time low. The RBI said in its monthly... Read more.

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