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Asia's currency rout seen taking the edge off monetary easing

Friday, November 25, 2016 - 05:50

The rupee's drop on Thursday reportedly prompted intervention from the Reserve Bank of India.


ASIAN currencies' drop to the weakest this decade will probably deter regional central banks from easing monetary policies as the prospects of higher US rates spurred capital outflows.

Indeed, they are more likely to be stepping in to smooth declines in their currencies -

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