RBI Move Makes It More Costly to Short Rupee

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July 16 (Bloomberg) -- Jahangir Aziz, chief India economist at JP Morgan Securities Inc., talks about the nation's central bank monetary policy and its impact on the economy and currency. India stepped up efforts to help the rupee after its plunge to a record low, raising two interest rates yesterday in a move that escalates a tightening in liquidity across most of the biggest emerging markets. Aziz speaks from Washington with Rishaad Salamat on Bloomberg Television's "On the Move." (Source: Bloomberg)

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