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'Rupee May Be Undervalued': RBI Governor Sanjay Malhotra Assures Stability As Currency Nears Record Low Against US Dollar
Mumbai: Stating that the rupee may be "undervalued" as per many estimates, Governor Sanjay Malhotra on Wednesday assured that the Reserve Bank of India will ensure that the currency "stabilises" and will support it in reaching its "correct value". Also Watch: Speaking to reporters on a day that saw the local currency inching towards all-time low against the dollar, Malhotra noted that while…
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