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Rupee Nears Record Low as RBI Hike Leaves Traders Wanting More
Source: Bloomberg
Currency & FXMonetary PolicyInterest Rates & YieldsInvestor Sentiment & Positioning
India’s rupee retreated despite the central bank’s first interest-rate hike in four years. Traders were disappointed that the central bank did not take more aggressive steps to tighten liquidity and support the currency.
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