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Indian central bank likely selling US$ to support rupee, traders say

By Inquirer - 10 hours ago
MUMBAI — The Indian central bank was likely selling US dollars on Friday to support the rupee as the currency was pinned near its record low amid worries about elevated oil prices and outflows from local equities, four traders told Reuters. The rupee INR=IN was quoting at 83.9750 per US dollar compared with its close

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