2 min read.Updated: 20 Jul 2022, 01:25 PM ISTReuters
The rupee has lost over 7% of its value in 2022 and weakened past the psychological level of 80 per US dollar
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India's central bank is prepared to sell a sixth of its foreign exchange reserves to defend the rupee against a rapid depreciation after it plumbed record lows in recent weeks, a senior source aware of the central bank's thinking told Reuters.
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