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Maroc Maroc - Times of India - Top Stories - 14/Jan 22:30

RBI looks to retain stance on rupee amid volatility

The RBI will continue its currency market intervention strategy to manage excessive volatility and maintain macro-economic stability. The rupee hit a new low of 86.63 against the dollar amid speculation about a more flexible approach. Active interventions have used significant foreign exchange reserves since September to defend the Indian currency.

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