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RBI does not have the firepower to defend rupee: IndusInd Bank
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RBI does not have the firepower to defend rupee: IndusInd Bank
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Published On: June 10, 2013
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Moses Harding of IndusInd Bank says the Reserve Bank does not have enough dollar reserves and surplus rupee in the system to defend the rupee aggressively. What they can do is to remove importers' fears, he added.
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