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India imposes curbs on dollar demand to support rupee

Original: India unveils tough curbs on dollar demand to defend rupee

Indian authorities have announced tough restrictions on dollar demand in an effort to defend the rupee, according to reports by Reuters and CNBC. The measures, unveiled by the Reserve Bank of India, aim to ease pressure on the currency, which has been under strain. The move signals growing official concern over the rupee's slide and capital outflows.

Why now: The rupee is under pressure, prompting the government and central bank to take unusual defensive measures that markets are watching closely.

IndiaReserve Bank of IndiarupeeUS dollar

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Evidence

• India unveils tough curbs on dollar demand to defend rupee · CNBC
• India unveils tough curbs on dollar demand to defend rupee · Reuters

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