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Indian Rupee Falls To Record Low

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The Indian rupee fell to a record low following the announcement. Business Insider reports India's central bank unexpectedly held rates steady at 6.5% on Friday. The central bank revised language from "neutral" to "calibrated tightening." The central bank lowered its inflation projection, having increased rates at two meetings since June. It kept its inflation target at 4% percent in the medium term. The bank also slightly lowered its forecast for next year.

Added on the 05/10/2018 10:32:25 - Copyright : Wochit

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