Rupee's Comeback: RBI's Moves Could Bring in Big Bucks

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Rupee's Comeback: RBI's Moves Could Bring in Big Bucks

The Indian rupee is trying to bounce back after the Reserve Bank of India and the government introduced some nifty strategies to lure in foreign cash. Goldman Sachs believes these moves could attract up to $50 billion, helping the rupee stabilize at around 96 per dollar soon, which is a bit of good news after a rocky month.