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0 0 0.00122731656000702 0.00122731656000702 -0.00122731656000702 -0.00298062593144563 0.00092048742000517 0.00232313491715614
Stock impact report

UPDATE 1-India's struggle to defend rupee shifts focus to rate hikes [Reuters (UK)]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Reuters
UPDATE 1-India's struggle to defend rupee shifts focus to rate hikes | Reuters 5 Min Read * Rate hike bets rise after weak response to govt rupee measures * RBI seen less inclined to use FX intervention * Money markets price in two hikes by end-2018 (Updates with rupee record low level) By Suvashree Choudhury MUMBAI, Sept 18 (Reuters) - Investors have increased bets that India’s central bank will need to raise interest rates at least two more times this year to shore up the battered rupee after previous efforts to defend the currency failed to sway markets. The government’s latest measures to support the rupee announced last week were particularly underwhelming for market participants who have since increased bearish positioning on the currency. At the same time, the failure to stem the rupee’s slide using central bank intervention and other means over the past month has shifted investor focus to the need for interest rate hikes to do the job. Since August, money markets have gone fro Show less Read more
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