Categories: Business

RBI measures see sharp impact as rupee rises 1% against US dollar; what steps were announced?

Rupee emerged as one of Asia’s strongest-performing currencies, even as most regional currencies moved within a narrow range. Despite Monday’s sharp rise, the rupee has lost 6.6% against the dollar so far this year. On Saturday, the RBI announced a set of measures targeting two major sources of pressure on the rupee.

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