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The Economic Times
The Economic Times
Business

RBI helping hand muscles breathing room for rupee, cools forward premiums

RBI Reserve Bank of India MUFG

The Indian rupee rallied to close above the 96-per-dollar mark for the first time in a week on Friday, helped bythe central bank's aggressive interventions to arrest the currency's slide from 94.50 to nearly 97.

The rupee closed at 95.69 per dollar, up 0.5% from its close in the previous ‌session.

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