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Rupee Leads Advance in Asian Currencies as Fed Taper Bets Ease

Asian currencies had their best week in two months, led by India’s rupee, after U.S. jobs data tempered speculation the Federal Reserve will cut stimulus that’s buoyed emerging markets.

Payrolls in the world’s largest economy climbed less than economists projected in August and gains for the previous two months were revised down, a Sept. 6 report showed, ahead of a Fed meeting that will discuss the $85 billion monthly debt-purchase program. President Barack Obama has delayed a decision on military strikes against Syria to pursue a Russian offer to get the regime to give up its chemical weapons.