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Is RBI really selling dollars to curb rupee depreciation?

Updated : April 28, 2020 03:53 PM IST

With high on forex reserves, markets were under the impression that RBI will sell dollars and not let the rupee depreciate to the extent of 77 and above.
RBI has merely sold $ 0.06 billion in the entire two months journey of rupee depreciation.
Is RBI really selling dollars to curb rupee depreciation?

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