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The Reserve Bank of India's dollar-rupee buy-sell swap saw strong demand but resulted in a lower-than-expected cut-off premium, leading to further rupee depreciation. The $10 billion swap, oversubscribed by $16.23 billion, will reverse in March 2028. Market participants expect continued weakness in the rupee as the RBI focuses on meeting the credit market's rupee liquidity needs.
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News and Media
Wall Street's momentum trade driven by tech, communications, and consumer discretionary sectors is faltering due to concerns over shrinking growth and trade uncertainties. Safe havens like health care and consumer staples are now leading the market as investors pivot defensively amidst the rising economic volatility.
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News and Media
In 2010, a photo of Kabosu, a Shiba Inu, became a viral internet meme called 'DOGE.' Elon Musk has since adopted this meme culture, infusing it into his social media and branding efforts, using outdated internet slang to connect with followers while promoting his political and business ambitions.
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News and Media
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