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Slowdown concerns and optimism around receding inflation prompted rate-setting panel to cut repo rate: MPC minutes
Concerns over growth slowdown, especially emanating from the manufacturing sector, and optimism around the gradually receding retail inflationary pressures prompted the Reserve Bank of India
Why the rupee is likely to fall further
The rupee seems to be falling freely against the dollar, fuelled by a strong dollar, high US interest rates and reduced net capital inflows. Donald