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Read More »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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