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INR forward outrights hit the weakest.........>

INDIA
INDIA: INR forward outrights hit the weakest levels of the session on the back
of Moody's downgrading the Indian sovereign rating to Baa3 from Baa2, retaining
a negative outlook. Moody's write that the Indian downgrade is reflecting the
view that India's policymakers will be challenged in enacting reforms.
- 1m INR forward outrights rallying to touch 75.98 in response.

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