Dow Jones Newswires: India’s central bank takes steps to stem rupee’s slide

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By P.R. Venkat

India’s central bank has relaxed debt-market rules for foreign portfolio investors and allowed commercial banks to raise interest rates on non-residents’ foreign-currency deposits in a bid to support the rupee and boost forex reserves.

“The Reserve Bank [of India] has been closely and continuously monitoring the liquidity conditions…

This article was originally published by Marketwatch.com. Read the original article here.

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