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The rupee's decline and resulting liquidity crunch have complicated the RBI's rate cut decision for February 7. Economists are divided, with concerns about currency volatility and global uncertainties potentially limiting the central bank's options despite lower consumer inflation. Additional liquidity measures could be considered.
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Nifty showed a bearish breakout from a symmetrical triangle, breaching key support at 23,260. Analysts project further downside to 22,70022,800, with 23,000 as a critical support level. Pullbacks remain sell-on-rise opportunities.
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News and Media
Experts say traders are reacting to a mix of global issues - but also to the UK government's Budget.
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News and Media
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