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Posted in Economy

RBI’s policy battle amid oil shock, rupee pressure to be complex as many challenges ahead: Report

The Reserve Bank of India‘s (RBI) policy response to the ongoing energy price shock is likely to be challenging due to multiple trade-offs involving inflation,…

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The Bombay Stock Exchange building in Mumbai. (Reuters)
Posted in Business

Iran war drags down everything, everywhere all at once for India Inc.—from Sensex to Nifty 50 and Rupee| Business News

India’s stock market suffered a across-the-board selloff Friday as an intensifying Iran war in West Asia pushed crude oil prices above $100 a barrel, threatening…

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The rupee has declined 4.5% versus the US dollar over the year so far and is among the worst-performing Asian currencies this year. (Reuters)
Posted in Business

Rupee opens 0.4% stronger against US Dollar as RBI seen propping up currency| Business News

The Indian Rupee strengthened 0.4% against the US Dollar on Monday as the Reserve Bank of India intervened to prop up the local currency. The…

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