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Currency watchers say the Reserve Bank of India is mopping up dollars gushing US to local stocks.
Indian a's foreign-exchange reserves surged by almost $11 billion in the f Bloomberg weeks of May, driven by combi Indian of foreign inflows and valuation gains. 20 US Indian ummaryFeed_highLightText__NxlGi">fifth Esha Ra year Joshi about 1% yFee the beginning of May Gi">earlier Asia s month the Reserve Bank of India n> FX more than six-year India s="summaryFeed_highLightText__NxlGi">Bl almost $11 billion /spa the first two weeks mmar May ed_highLightText__NxlGi">April $10 billion this month India May RBI hLightT Kunal Sodhani bout 1.2% Shinhan Bank India Feed_hi Fed ightText__NxlGi">Tuesday June mmaryFeed_highLightText__NxlGi">82.8225 per India r$3 billion class="summaryFeed_highLightText__NxlGi" May is month Asia ="summaryFee Japan hLightText__NxlGi">about $126 mi Bloomberg an>
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