The RBI’s new measures to supply dollars directly to state-run oil companies and curb speculative currency trades are expected to lift the rupee in the near term. Experts caution that high oil prices, capital outflows and weak external balances will continue to weigh on the currency.
The RBI’s new measures to supply dollars directly to state-run oil companies and curb speculative currency trades are expected to lift the rupee in the near term. Experts caution that high oil prices, capital outflows and weak external balances will continue to weigh on the currency.
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