Rupee under pressure: How RBI may try to stabilise the currency
Rupee has remained under pressure since the Middle East conflict erupted in late February, falling nearly 6% and hitting multiple record lows against the US dollar. The currency is now inching closer to the 97-mark against the greenback as tensions involving the US, Israel and Iran continue to weigh down global markets.With rupee's decline gathering pace, the Reserve Bank of…
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