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Along with the unpredictable tariffs, stubborn inflation and weak hiring have shaken consumer confidence in the U.S. economy. The vast majority of U.S. adults say theyve noticed higher than usual prices for groceries, electricity and holiday gifts in recent months, according to a December poll from The Associated Press-NORC Center for Public Affairs Research.
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The rupee slid to a record low of 90.73 against the dollar amid heavy foreign outflows, stalled IndiaUS trade talks and strong importer demand, emerging as the worst performer among Asian currencies.
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The Reserve Bank of India is injecting Rs 1.5 lakh crore into the financial system. This move aims to prevent any cash crunch as advance tax and GST payments are due. The central bank is conducting a dollar-rupee buy-sell swap to add more liquidity. This action will help keep overnight interest rates stable.
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