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India pledges rupee action as currency nears fresh low

MUMBAI/NEW DELHI (Reuters) - India stepped up its defense of the ailing rupee on Wednesday, proposing to relax overseas borrowing rules and curb some imports in order to ease a huge current account gap, while the central bank re-emphasized its commitment to stabilizing the currency as it neared a reFull story

India PM econ adviser says capital inflows may signal rollback of central bank steps: TV

NEW DELHI (Reuters) - The revival of capital inflows into India could signal the rollback of Reserve Bank of India's recent liquidity measures, C. Rangarajan, the prime minister's economic adviser, said on Tuesday. Full story

Analysis: History shows India's growth concerns will override rupee defense

MUMBAI (Reuters) - If one thing is clear from India's impulsive strategies this month to defend a plunging currency, it is that the central bank's policy bias towards supporting growth is innate, even in a crisis. Full story

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