How mere PM Modi Sunday meeting plan rescued Indian rupee

Expectations of an economic package following the news of Prime Minister Narendra Modi’s plans of holding a review meeting on the economy and the currency on Sunday saw the rupee surging 83 paise to 71.86 per dollar in late afternoon trade - one of the strongest rallies in nearly 18 months.

How mere PM Modi Sunday meeting plan rescued
Forex traders said Reserve Bank of India (RBI) was also present in the market, selling close to $1-1.5 billion that helped the rupee shave off losses. Image source: DNA

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