The Indian rupee fell to a record low on Friday as central bank measures to tighten capital outflows and curb gold imports were seen as unlikely to prop up the currency.
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Nick Bennenbroek, Wells Fargo head of currency policy, discusses the rapid decline of India's rupee as the Reserve Bank of India tightens policy, and the U.S. dollar's decline against the euro and yen.
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Khoon Goh, senior FX strategist at ANZ Research, says the new governor at the Reserve Bank of India can improve market sentiment toward the Indian rupee. Nicholas Ferres of Eastspring Investments joins the discussion.
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Keagan York, Head of FX Strategy at Compass Global Markets says it's a slippery slope for the Indian rupee now. Tom Rogers, Senior economic adviser to the Ernst & Young joins in the discussion.
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