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Indian currency of different denominations are seen in this picture illustration taken in Mumbai
RBI eases norms to boost inflows as rupee weakens
The Reserve Bank of India swung into action today after the rupee depreciated 1.7 per cent in four trading sessions and went close to its all-time low levels in early trade today. In a communication made after market hours, the central bank relaxed norms to encourage foreign currency inflows. The RBI relaxed the interest rate ceiling on foreign currency non-resident (FCNR) deposits of banks with maturities
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