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The Economic Times
The Economic Times

RBI contains rupee's fall, shrinks dollar-rupee forward premiums

Reserve Bank of India India RBI Oil JP Morgan

The Indian rupee and dollar-rupee forward premiums fell on Tuesday, driven by opposing forces of importer hedging, foreign portfolio outflows and likely central bank intervention across FX market segments.

The rupee ended at 95.2650 per dollar, down 0.3% from its close in the previous session.

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