RBI May Have Bought Breathing Space For Rupee as Crude Cools
The portrait of Mahatma Gandhi is displayed on an Indian 50 rupee, left, and 2000 rupee banknotes in an arranged photograph in Bangkok, Thailand. (Photographer: Brent Lewin/Bloomberg)

RBI May Have Bought Breathing Space For Rupee as Crude Cools

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(Bloomberg) -- The Reserve Bank of India appears to have moved away from its hands-off exchange rate strategy as the rupee plumbed fresh lows earlier this month.
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