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The Indian Rupee Faces Pressure As The Reserve Bank Of India (RBI) Likely Sells U.S. Dollars To Support The Currency. Traders Report That The RBI Intervened To Stabilize The Rupee Near 84.50. The Rupee Had Fallen To Its All-time Low Of 84.5075 Last Week. Despite These Efforts, Foreign Portfolio Outflows Remain A Challenge.

RBI Sells Dollars To Support The Indian Rupee

State-run Banks Offered Dollars Near 84.50, Signaling The RBI's Intervention. While The RBI's Actions May Provide Temporary Relief, Traders Predict That The Rupee May Weaken Further, But Only Slightly.

Foreign Outflows Continue To Weigh On The Indian Rupee

Even Though The Dollar Index Dropped 0.2%, The Rupee Couldn’t Benefit From The Softer Dollar. Persistent Foreign Outflows Continue To Limit The Rupee’s Recovery, Despite Gains In Other Asian Currencies.

RBI’s Role In Stabilizing The Rupee

The RBI Plays A Vital Role In Stabilizing The Indian Rupee. However, Global Economic Pressures Make The Rupee’s Outlook Uncertain. Traders Are Closely Watching The Situation For Any Further Developments.

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