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RBI Urged to Relax New FX Rules as $30 Billion Unwinding Looms

Lenders in India are urging the central bank to rethink new rules for foreign-exchange transactions designed to shore up the rupee, saying the measures would saddle them with large losses, according to people familiar with the matter. Lenders in India are urging the central bank to rethink new rules for foreign-exchange transactions designed to shore up the rupee, saying the measures would saddle them with large losses, according to people familiar with the matter. In talks on Sat... [379 chars]

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