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RBI tightens monetary conditions across the board, sources say RBI widened FX toolkit, as rupee approached record lows Rupee rebounds 2% off lows to 94.71 a dollar after intervention steps By Ira Dugal and Dharamraj Dhutia MUMBAI, Oct 16 (Reuters) — India's central bank will further tighten monetary conditions to count
India's central bank will further tighten monetary conditions to counter capital outflows and raise the cost of betting against the rupee, but will stop short of measures used in a previous currency crisis, sources and analysts said.