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RBI Likely Intervenes to Support Rupee

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FILE PHOTO: A man walks past an installation of the Rupee logo and Indian currency coins outside the Reserve Bank of India (RBI) headquarters in Mumbai, India, April 9, 2025. REUTERS/Francis Mascarenhas//File Photo

The Reserve Bank of India intervened in the foreign exchange market on Monday morning, lifting the rupee 0.1% against the dollar. Four foreign exchange traders in Mumbai confirmed the central bank's intervention.
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