Rupee touches one-week high on report of RBI plan to ease oil refiners' dollar bids

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The Indian rupee strengthened to a one-week high on Friday. This rise followed reports that the central bank implemented measures to control dollar purchases by state-run oil refiners. These actions aim to support the rupee amid concerns over energy prices and capital flows. The central bank’s strategy includes using special credit lines and curbing spot dollar purchases.

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Rupee touches one-week high on report of RBI plan to ease oil refiners' dollar bids

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