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India’s RBI Mulls New Move Using Foreign Bonds to Prop Up Rupee
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India’s RBI Mulls New Move Using Foreign Bonds to Prop Up Rupee
India’s central bank is weighing a plan for state lenders to sell foreign-currency bonds, mulling a tool last used nearly three decades ago to draw capital inflows and shore up the beleaguered rupee, according to people familiar with the matter.
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