Market Currents
The RBI may have unexpectedly refrained from cutting rates today, but what amounts to...
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Monday, June 18, 2012, 5:11 PM ETThe RBI may have unexpectedly refrained from cutting rates today, but what amounts to unannounced QE may explain persistent weakness in the rupee and strength in inflation despite a nominally hawkish policy. Credit Suisse notes the RBI has purchased government debt this year at nearly the same pace as the Fed in the U.S. in 2011.
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