Reuters: Money News: RBI to sell dollars to oil companies to shore up rupee

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RBI to sell dollars to oil companies to shore up rupee Aug 29th 2013, 01:47 MUMBAI (Reuters) - The Reserve Bank of India will provide dollars directly to state oil companies in its latest attempt to shore up a currency that has slumped to a record low, reflecting the stiff economic challenges facing the country in an uncertain global environment.

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