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Reuters
Indian rupee dips, bonds little changed; Fed meet in focus
The Indian rupee weakened slightly against the dollar on Tuesday, while bond yields were little changed, as investors awaited the outcome of the U.S. Federal Reserve’s policy meeting late on Wednesday for near-term direction. The Fed has signalled a 75 basis point (bps) rate hike at its July 26-27 meeting, although data last week showing that inflation hit 9.1% year-on-year in June has raised the possibility of a larger 100 bps hike later this year.
