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Rupee May See Renewed Pressure When Taper Starts: UBS

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September 23: UBS’ Bhanu Baweja says inflation has gone up and rupee is currently trading in the right range. “However, markets have priced in all the good news as they think they will get more liquidity from the RBI,” he says, adding that they tend to think all the bad news is in the price so we haven’t seen foreign investors leave in a big way. “All credit to RBI Governor Raghuram Rajan for keeping rates high and waiting for the FOMC decision,” he adds.