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How India Has Tried to Defend the Rupee

Reuters reports on the steps India has taken to defend the rupee as it slumps. The article looks at how the government and central bank have responded to the currency's fall.

Context

The rupee's value affects how expensive imports like fuel and electronics are for ordinary buyers. The Reserve Bank of India often uses its foreign currency reserves to smooth sharp moves in the exchange rate.

Reuters
Burning Potato score: 27%

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