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National News

The Times of India

National / The Times of India

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All in a day: Rupee nears 92/$, RBI eases liquidity, forex kitty swells

The rupee hit a new low against the dollar, prompting the RBI to intervene by selling dollars. Simultaneously, the central bank injected liquidity into the banking system and conducted a dollar-rupee swap, which boosted forex reserves to over $700 billion. These actions demonstrate a delicate balancing act by policymakers.

24 Jan 2026 12:33 am