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Commodities Briefing - Categorized | Bullion/Gold, Currencies more

Gold’s relationship with the Indian rupee

Posted on 10 September 2013

According to Reuters, the Indian rupee staged a sharp recovery last Wednesday after suspected heavy dollar selling by the central bank, preventing the battered currency from slipping to a record low on the same day that the authority ushered in a new governor.
Raghuram Rajan, a former chief economist at the International Monetary Fund (IMF), took charge at the Reserve Bank of India as the country faces its worst economic crunch since a balance of payments crisis two decades ago………………………………………..Full Article: Source


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