Rupee reaches over one-month high amid RBI forex restrictions
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The Indian rupee strengthened by 0.4% to 94.9125 against the US dollar, marking its highest level in over a month and extending weekly gains to about 2%. RBI Governor Sanjay Malhotra indicated that additional measures to limit forex speculation could be implemented if necessary. This development reflects ongoing efforts by the Reserve Bank of India to stabilize the currency market.
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Originally published by gnews