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RBI looks to attract dollar inflows to support rupee: Report
short by Jessica Rajan / on Monday, 4 May, 2026
The Reserve Bank of India is exploring ways to attract dollar inflows to strengthen foreign exchange reserves and also support the rupee, Reuters reported. This comes amid pressure from rising oil prices linked to the Iran conflict. The rupee has fallen 5.5% this year to a record low of 95.33 per dollar last Thursday.
read more at Moneycontrol