Rupee rises from 2-month low; RBI starts applying gold curbs

The rupee rose to 54.7450 from a more than two-month low of 55.0250 earlier in the session after the Reserve Bank of India said on Monday that previously announced curbs on gold imports by banks would be effective immediately.

The Indian currency  had closed at 54.80/81 on Friday. The RBI had earlier this month proposed to restrict gold imports carried out on a consignment basis by banks only when intended to meet genuine demand from jewellery exporters. 

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