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RBI bought $14.36 billion in March to strengthen the rupee by 2% amid global market volatility.
The Reserve Bank of India (RBI) bought $14.36 billion in foreign currency in March to stabilize the rupee, reversing a $1.6 billion sale in February.
This intervention helped strengthen the rupee by 2% amid fluctuating global markets.
The RBI's total forward sales also decreased slightly to $84.35 billion as it continues to manage currency volatility.
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RBI compró $ 14.36 mil millones en marzo para fortalecer la rupia en un 2% en medio de la volatilidad del mercado global.