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RBI Governor Defends FX Curbs as Rupee Pressured

Original: usd to inr

Reserve Bank of India Governor Sanjay Malhotra said measures to curb currency speculation are aimed at keeping the rupee stable, adding that interest rates and financial stability are interlinked. Search interest in the US dollar to Indian rupee exchange rate is high as traders and remitters track the rupee's level and RBI intervention in currency markets.

Why now: People are tracking the dollar-rupee exchange rate amid RBI intervention and speculation about the currency's direction.

Reserve Bank of IndiaIndian rupeeUS dollarSanjay Malhotra

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Evidence

• RBI governor says FX curbs to quell speculation; rates, financial stability interlinked · Reuters

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