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Indian central bank likely steps in to defend rupee, traders say

MUMBAI: The Reserve Bank of India likely intervened in the foreign exchange market on Monday, four traders told Reuters, as uncertainty over the Middle East conflict kept oil prices elevated and sentiment jittery. The rupee slipped in early trading to 95.49 per dollar, but its losses were contained by state-run banks’ dollar sales, most likely on behalf of the RBI, traders said. Indian central…

Indian central bank likely steps in to defend rupee, traders say

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