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These instruments are aimed at protecting the savings from inflation and incentivising investors to save in financial instruments rather than buy gold. While the coupon rate (interest rate) will remain fixed, the principal amount invested in the bonds will be linked to inflation based on Wholesale Price Index.

 
 
A strong dollar weighed on rupee but the local currency managed to erase early losses and settle 3 paise higher at 54.78, amid signs of massive capital inflows.
The Reserve Bank on Tuesday eased overseas borrowing norms to allow companies access to cheaper funds for key infrastructure sectors.
 
 
Forex dealers say dollar strengthening against other currencies in the global market also put pressure on the rupee.
Union Minister for Road Transport and Highways C.P. Joshi on Monday took additional charge of the railway ministry.
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