Buy 50% of forex needs from a PSU bank: RBI to oil cos

.....“Importers are clearly rushing to cover and exporters are simply holding back. There is no supply in the market. If you analyse the quantum of exports and imports month-wise, there is no spike. In fact, imports have only gone down sharply. So, the rupee movement and the behaviour of the exporters or importers should be seen in that context. Today’s decision by RBI on oil imports should be seen as a sentiment .....

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