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Market Impact: 0.55
India’s Rupee Gains as RBI Measures Bring in Bumper $136 Billion
Source: Bloomberg
Banking & LiquidityCurrency & FXMonetary Policy
India’s rupee strengthened as the central bank raised $136B under its capital-raising measures, well above expectations. The large inflow bolsters its foreign-exchange “war chest” to defend the currency, supporting near-term FX stability and sentiment.
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