According to sources, India has mobilized nearly $10 billion through a Reserve Bank of India deposit drive aimed at supporting the rupee. The move indicates active measures by authorities to stabilize the currency amid market pressures. This development highlights ongoing efforts to manage foreign exchange volatility.
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Analyzed · Low confidence (35%)
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Present the figure as a percentage of India's total foreign exchange reserves or in context with historical deposit drives.
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India draws nearly $10 billion under RBI's deposit drive to support rupee, sources say
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