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Rupee jumps 1.4% as RBI's FX curbs leave traders bracing for unwinding-led dollar glut

Rupee jumps 1.4% as RBI's FX curbs leave traders bracing for unwinding-led dollar glut

The Indian rupee surged in early trading following the Reserve Bank of India's new measures to curb speculation and arbitrage flows. These actions are expected to lead to increased onshore dollar sales as traders unwind positions. Meanwhile, rising energy pri…

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