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Spot USDINR likely to remain bullish above 78.49, RBI to maintain stability of Indian Rupee

By Dilip Parmar In the week gone, the Indian rupee appreciated against the American dollar following foreign fund inflows, lower crude oil prices and risk-on moods. On Friday, the RBI delivered its third straight interest-rate increase since May to return inflation to the target and fend off further attacks on the currency. The rate hike …

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