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Rupee faces moment of truth ahead of possible Fed lift-off

Thursday, December 17, 2015 - 05:50
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Traders say the Reserve Bank of India intervened this month as the currency slid past the 67 level.

Mumbai

INDIA'S rupee is feeling the heat as the Federal Reserve looks set to raise interest rates for the first time in a decade.

The currency, touted as Asia's most resilient to a US rate increase by Australia & New Zealand Banking Group Ltd, has extended declines in December