Finance, Forex and Investments

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Summary: intervention from the Reserve Bank of India (RBI), which stepped in to soften the blow due to a huge outflow of overseas capital from Indian stocks amid global financial turmoil. The rupee touched a low of Rs 50.28 to a dollar and appreciated to close at Rs 49.87 compared to Rs 49.98 on Friday as the central bank stepped in to sell the greenback through public sector

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