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The Reserve Bank of India's aggressive variable rate repo liquidity absorption is forcing a structural deleveraging of EM carry trades, fueling USDINR volatility and…
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Sep 18
·
20 min read
RBI Liquidity Squeeze Ignites EM FX Stress and Yen-Carry Unwind
The Reserve Bank of India's aggressive variable rate repo liquidity absorption is forcing a structural deleveraging of EM carry trades, fueling…
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