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The RBI held at 5.25% and India attracted $41 billion: Why the Rupee still faces a ceiling

The Indian Rupee (INR) has found local support against the US Dollar (USD), with USD/INR easing to around 95.10 following the Reserve Bank of India’s (RBI) decision to hold its benchmark repo rate steady at 5.25% for a fourth consecutive meeting.

The RBI held at 5.25% and India attracted $41 billion: Why the Rupee still faces a ceiling

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