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CreditPolicy
  • Ever since the US Fed announced tapering of its ultra-loose monetary policy, the rupee has been in a downward spiral. Global funds have diverted their wealth to US markets in anticipation of the strengthening of the dollar index and better yields on US treasuries, which also happens to be a safe haven. The yields over 2% on US 10-year bonds were deemed attractive and led to a drain of capital from..

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