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Monetary policy committee decision and RBI intervention may stabilise rupee, says CARE

Updated : May 17, 2018 06:26 AM IST

The rupee reached a 15-month low on Tuesday, but recovered smartly on Wednesday, as the RBI stepped in with heavy dollar sales.
According to the agency, several currencies have depreciated against dollar as well as fundamentals.
Monetary policy committee decision and RBI intervention may stabilise rupee, says CARE

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