Wednesday, 23 November 2011

Indian Rupee Stabilizes As RBI Announces Measures

MUMBAI – The rupee stabilized near record lows on Wednesday after the Reserve Bank of India announced fresh measures to try and curb the currency's sharp depreciation caused by current risk aversion in global markets. After plunging nearly 17% since April, the rupee [s:usdinr] hit a record low of ...


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