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RBI currency defence has likely extended to rupee futuresRBI currency defence has likely extended to rupee futures

The Reserve Bank of India‘s defence to prevent the rupee from sliding to a record low has likely extended to currency futures, three bankers and two analysts said on Friday. Earlier this week, Reuters reported that the RBI has been intervening in non-deliverable forwards and the onshore over-the-counter (OTC) market to keep the rupee from […]