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India's foreign exchange reserves took a notable hit recently, largely due to fluctuations in the currency market and changing valuations. The Indian rupee faced increased instability against the US dollar, worsened by escalated geopolitical tensions that rocked global energy markets. This situation has put pressure on India's energy imports.
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News and Media
In a significant move towards debt resolution, the government-supported NARCL is set to take over KEPL's outstanding 1,500 crore debt for just 345 crore. Furthermore, it is expected to acquire BLA Power's 738 crore debt for a mere 285 crore.
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In a strategic maneuver to bolster market liquidity, the Reserve Bank of India has infused a significant fifty thousand crore rupees into the banking sector. As businesses prepare for advance tax and GST payments later this month, this liquidity boost comes at a crucial time.
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News and Media
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