FOCUS: A no-shocker 85/$1 for rupee highlights shift in RBI's FX strategy
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A no-shocker 85/$1 for rupee highlights shift in RBI's FX strategy

The rupee's fall to 85 per dollar on Thursday made for a headline, but not a shocking one. The rupee may have weakened because of global events, but the swift pace of its recent fall has been an outcome of an inevitable development back home – a subtle shift in the Reserve Bank of India's intervention strategy, currency traders said.

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