BENGALURU -- The Indian rupee has regained stability after falling to a near all-time low against the dollar due to heavy selling triggered by election results suggesting Prime Minister Narendra Modi's alliance would come away with a narrow victory.
Currencies
Indian rupee regains stability after falling to near all-time low
Reserve Bank of India stands pat in first meeting after general elections
The rupee's relatively tame depreciation underscores the resiliency of India's economy as well as the country's financial stability, Reserve Bank of India Gov. Shaktikanta Das said on June 7. © Reuters
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