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India's RBI Takes Cautious Steps to Support Rupee | Markets & Money News
The Reserve Bank of India is tightening monetary policy amid rising inflation and capital outflows, raising interest rates for the first time in four years. With the rupee down six percent this year, recent measures aim to stabilize the currency, including mobilizing $150 billion and imposing forex restrictions. Analysts anticipate a potential rate hike of up to fifty basis points in December if inflation persists. While higher yields may attract investors back to the local debt market, careful
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