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Rupee slump to 95.1/$ as oil climbs past $100, RBI taps swaps to drain excess cash

In addition to spot dollar sales, RBI also likely conducted FX swaps maturing in September and October to drain excess rupee liquidity from the banking system.

Rupee slump to 95.1/$ as oil climbs past $100, RBI taps swaps to drain excess cash

We haven't written up this one. Hindu BusinessLine has the full story — the link below goes straight to it.

Read the original at thehindubusinessline.com →

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