Why the Fed news spooked rupee to 65

PUBLISHED ON: August 22, 2013 | Duration: 2 min, 30 sec

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The rupee touched a frightening new low of 65.50 this morning, after minutes from the Federal Reserve's July policy meeting showed the U.S. central bank was on track to start tapering stimulus, though the timing is not clear. The Fed had indicated in May that it might cut the pace of bond purchases soon and emerging markets like India have been jittery since.
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