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Currency

Indian rupee is trying to swim before taking a dive

Updated : January 23, 2020 06:30 AM IST

The current situation suggests that the impact on the currency shall remain biased towards depreciation with a cap near 72.40 levels until March 2020.
The central bank’s ‘Operation Twist’ has only helped to bring down the 10-year G-sec yield by about 12 bps from 6.76 percent to 6.63 percent.
Indian rupee is trying to swim before taking a dive

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