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India Begins Exit From Monetary Stimulus With Order to Buy Government Debt

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EMERGING SLOWDOWNS
"India’s central bank took the first step toward withdrawing its record monetary stimulus as inflation pressures build, ordering lenders to keep more cash in government bonds," according to Bloomberg. "Stocks fell the most in two months after the statement spurred speculation the Reserve Bank of India will boost borrowing costs by year-end, eroding corporate profits."
SOURCE:   Bloomberg

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