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Rupee Slips Again as Central Bank Review Approaches
The Indian rupee has dropped for the second consecutive day, with market participants on edge as they await the Reserve Bank of India's upcoming monetary policy assessment. Traders are looking for indications that the central bank will take steps to bolster the currency amid growing concerns.
Despite a recent rebound, fueled by RBI interventions and hopes for increased foreign inflows, the rupee may come under additional strain if the anticipated measures are not implemented in Friday's policy announcement.
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