US EditionIndian Assets Whipsaw After RBI’s Surprise Moves Stun Markets
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USD/INR stabilzes after RBI's bold 50 bps cut in Repo Rate to 5.5%
The Indian Rupee (INR) weakens against the US Dollar (USD) and falls to near 86.00 during Asian trading hours on Friday. The USD/INR pair strengthens as the Reserve Bank of India (RBI) has unexpectedly cut its Repo Rate by 50 basis points (bps) to 5.5%.
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