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RBI runs the risk of getting caught in a position where it has spent too much from its reserves too soon, by trying to slow the rupee's slide. It should instead focus on smoothening the volatility
The value dropped by 52 paise amid weak global cues.
The exchange rate between the rupee and the Russian rouble for bilateral trade will be decided in consultation with the Russian government as the exchange rate will have to be pegged in which both the countries' central banks will be involved, say experts.