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Rupee falls for 3rd day; taper effect minimal

Rupee falls for 3rd day; taper effect minimal
The Indian rupee fell for a third session on Thursday, in line with emerging market currencies as the US Federal Reserve began its long-awaited tapering, but losses were minimal as the currency is seen less vulnerable on a sharply lower current account gap. India, which along with Indonesia had to bear the brunt of the summer selloff in emerging market currencies, is considered much better prepared this time because of the sharp rise in reserves, primarily due to $34 billion inflows via two ...
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