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Is the dollar weakness backing strength in rupee?

Updated : July 22, 2020 06:34 AM IST

This month India try has witnessed an outflow of $1.2 billion so far and RBI has bought approximately $9 billion reserves taking it to $516.36 billion.
Contrasting to its nature, this time the US dollar seems to have losing its allure as a “haven asset.”
Is the dollar weakness backing strength in rupee?

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