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Macquarie cuts India GDP outlook; sees INR at 61/$ by Dec

There has not been much appreciation in the rupee because fundamentally the rupee should continue to weaken given the Current Account Deficit (CAD) and fiscal deficit, says Nizam Idris of Macquarie.
EM companies commit 'original sin'

A roaring trade in emerging market bonds has triggered fears an EM debt bubble is inflating.

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