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Capital inflows, RBI measures limit rupee's decline in July: Report
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The Indian rupee depreciated by 0.8% in July despite a 20% surge in crude oil prices.
A Bank of Baroda report attributes the limited decline to strong foreign capital inflows.
Proactive measures by the Reserve Bank of India helped limit the rupee's fall.
A weaker US dollar also contributed to the rupee's resilience in July.
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