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Indian rupee leads Asian currencies decline

augustus 29, 2022by Reacties uitgeschakeld voor Indian rupee leads Asian currencies decline

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The drop against the US dollar comes after Fed Chair Jerome Powell struck a hawkish tone on fighting inflation in a key speech on Friday

India’s currency, the rupee, slumped to a record low on Monday after US Federal Reserve Chair Jerome Powell articulated a firm commitment to battling inflation in a speech at an annual central bankers’ conference.

The currency fell to new low of 80.11 agai

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