India's currency falls as Fed may scale back further

Note: This section contains information in English only.
Source: Bloomberg
Indian currency declined on Wednesday snapping its two-day fall amid speculation that the U.S. Federal Reserve may scale back its stimulus as soon as on the next policy meeting as the economy improves reducing inflows to emerging markets. The Rupee dropped 0.1% to 61.5525 per U.S. Dollar by 10:34 a.m. Mumbai time from January 13, since the market was closed yesterday due to local holiday.

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