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Traders expect RBI to step up intervention as rupee slides towards record low

India central bank says it intervenes only to curb undue volatility in market
Thursday, November 24, 2016 - 05:50

The rupee's previous record low in August 2013 came after the Fed's signal to end its unprecedented bond purchases spurred an exodus from emerging markets such as India.


THE rupee's slide towards a record low, amid US$2.7 billion in outflows from Indian stocks and bonds, is prompting speculation the central bank will step up intervention to stem losses.

With a Federal Reserve interest-rate increase next month all but a certainty for bond

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