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RBI intervenes to halt unabated rise in rupee

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  • Published On: October 15, 2010
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The FII inflow into the Indian economy has raised a familiar conundrum for the Indian policy makers about just how far should the rupee be allowed to rise. On Friday the rupee breached 44 against the greenback for the first time in 25 months but steadied after the RBI intervened through state owned banks to suck out excess dollars.
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