News X: Rupee marginally recovers, Howers at 63.44 against U.S. dollar
  • 5 years ago
NewsX: The Indian rupee continues to hurt but today it saw a slight recovery fueling a small rally in the stock markets.

Today's rise comes on the back of RBI relaxing rules that
will help banks deal with recent sharp fall in bond prices.

RBI announced a slew of measures including 8,000 crore rupees bond buyback. This will ensure adequate credit flow to the productive sectors of the economy which also supported the rupee.



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