Rupee gains to 94.27 vs USD as RBI measures bring in bumper $136 billion

India's rupee has seen a remarkable increase following a significant capital boost from the Reserve Bank of India, which successfully raised over 136 billion dollars through its specialized programs. This substantial financial inflow empowers the central bank to robustly guard the rupee. Consequently, the rupee has emerged as the second-best currency performer in Asia over the last month, a response to recent outflows aimed at bolstering its value.

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