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HSBC sees rupee drop as foreigners put brakes on India flows

Bloomberg The Indian rupee may weaken as global funds start to hit buying limits for the nation’s debt and valuations for equities look expensive, according to HSBC Holdings Plc. “I won’t be surprised if we drift down to 65-65.25 to the dollar over the next two months,” Pradeep Khanna, HSBC’s head of global markets trading for India in Mumbai, said ...

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Unfazed by low prices, bankers remain confident in oil lending

Bloomberg Fears of a long spell of low oil prices haven’t shaken Wall Street’s confidence in the sector. With the price of crude languishing around $46 a barrel in New York, the industry’s bankers remain optimistic about their energy investments, according to JPMorgan Chase & Co. and Wells Fargo & Co. That’s different from a year earlier, when banks pulled ...

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Pound rises to nine-month high on weak US inflation

Bloomberg The pound rose to its highest since September as weak inflation data in the U.S. weighed on the dollar, while traders are increasingly betting on tighter monetary policy in the U.K. Sterling, which crossed $1.30 and rose against all of its major peers, has largely defied signs that the UK economy is slowing, with some Bank of England policy ...

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