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المشهد العربي
RBI Intervenes as Rupee Declines
The Indian Rupee declined to its lowest level since late July against the dollar, influenced by rising oil prices and ongoing institutional demand for the U.S. currency. Despite this, the Reserve Bank of India continued its frequent interventions through state-owned banks over the past ten days, which helped contain some losses and stabilize the currency at 95.75 rupees per dollar. As it approaches the psychological barrier at 96 rupees, speculations are mounting about a potential intervention by the central bank to prevent further deterioration.
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