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Rupee, bond prices gain as retail inflation eases below RBI target
The Indian rupee and 10-year government bond prices on Friday rose after retail inflation for August fell below the Reserve Bank of India's (RBI) medium term target of 4% for the first time in 10 months. At 9.15am, the rupee was trading at 71.75 a dollar, up 0.65% from its Wednesday's close of 72.19. RBI has raised its benchmark rate by a total of 50 basis points at its past two meetings to 6.5%.
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