Rupee gains 1% against dollar following new RBI forex restrictions

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The Indian rupee appreciated by approximately 1% against the US dollar, reaching 95.76. This movement occurred after the Reserve Bank of India announced new restrictions on foreign exchange outflows. The RBI's measures aim to stabilize the local currency by curbing speculative activity and reducing volatility. The reported rate was published by the Economic Times, though the specific date of the announcement was not provided in the source excerpt.

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