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RBI Sells Dollars to Stabilize Rupee Amid Gulf Conflict and Rising Oil Prices

The Reserve Bank of India has implemented multiple measures to stabilize the rupee since the Iran war began on February 28, 2026. Corporate India faces incremental costs of Rs 20,000 crore to Rs 40,000 crore over six months amid elevated oil prices. Feeble signs of de-escalation…

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