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flag India restricts forex trading to stabilize the rupee amid global pressures.

flag India's central bank has tightened foreign exchange rules to stabilize the rupee amid record lows and global oil price pressures. flag The Reserve Bank of India capped banks' net open rupee positions and banned offshore bets, aiming to curb speculative trading. flag While these measures are expected to reduce dollar demand and boost the currency, they may increase costs for investors and create a divergence between onshore and offshore markets.

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