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India RBI Seen Prudent in Spending Forex Reserves to Defend Rupee – Bloomberg

rixymidya by rixymidya
7 June 2022
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Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens.
Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
Cyberpunk 2077 was one of the highest selling games of all time. It’s developer, CD Projekt Red, was seen as one of Poland’s most important companies. But inside the company, leadership pushed developers to get the game out for launch, hid the truth about how bad the game was, and ultimately had it returned by millions of people.
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The Reserve Bank of India headquarters in Mumbai.
Subhadip Sircar
The Reserve Bank of India is once again seeking to defend its currency when the Federal Reserve is tightening.
This time though, analysts expect it to mount a more limited defense, aimed at fending off the worst of speculative attacks rather than holding down a line in the sand when capital flows are shifting globally with the Fed set to hike throughout the year.

source

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