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From NDTV

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RBI's Rupee Defence May Drain Banking Liquidity, Ease Currency Pressure

RBI's Rupee Defence May Drain Banking Liquidity, Ease Currency Pressure

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Kotak Mahindra Bank expects the RBI’s latest foreign exchange measures to reduce dollar demand and soften forward premiums. It estimates the curbs could withdraw around Rs 1.5 lakh crore in durable liquidity if sustained for another month.

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