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India's Currency Crisis Is Spreading
Not a good day in India to start the week. The rupee’s currency crisis is accelerating. The central bank is burning through reserves at an unsustainable pace. India stocks were crushed, with the main SENSEX index down over a thousand points. Delhi also significantly dialed back its growth estimates while reports came out it is going to massively restate its November imports. Why is all this happening? It's not because of Jay Powell or Donald Trump.
Eurodollar University's Money & Macro Analysis
Hindustan Times Stock market today: Sensex and Nifty tanks, rupee hits all-time low…
The skinny
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