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Short holds slacken on most Asian currencies but bears return to prey on rupee

Updated : June 20, 2019 11:59 AM IST

Investors had turned bullish on the rupee in March for the first time in nearly a year when billions of dollars worth of foreign funds poured into India ahead of general election in the world's biggest democracy.
With the election done and dusted, inflows have tapered off, the central bank has cut interest rates for the third time this year and Fitch Ratings posited another 25 basis point cut in 2019.
Short holds slacken on most Asian currencies but bears return to prey on rupee
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