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16-Jul-2013
RBI Tightens Monetary Policy

Indian Rupee advanced after the RBI raised interest rates to supprt rupee. The RBI increased the marginal standing facility rate and the bank rate to 10.25% from 8.25%. The RBI held its benchmark repurchase rate at 7.25%.

Due to the steps taken by RBI, Rupee strengthened. The rupee had plunged to all time low in last week. Today also stocks fell due tightening of policy by RBI.


Indian Rupee

 
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