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The Reserve Bank of India sold $88.75 billion in forwards in February, up from $77.52 billion in January, to defend the rupee amid U.S. tariff-related volatility. Spot sales dropped, indicating a strategic rollover of contracts.
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The US suffers the biggest downgrade to growth among advanced economies, in the influential International Monetary Fund's latest forecast.
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The retailer's chief executive apologised to customers in a notice on Tuesday.
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