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HK, mainland stocks open lower

Global bonds tumbled and the greenback stayed firm after a hot US inflation print and hawkish central bank rhetoric raised the risk of an outsized half-point rate hike from the Federal Reserve next…

Oil relief to revive rupee rally, US yields surge could act as brake

MUMBAI: The Indian rupee is set to resume its recent rally on Wednesday , drawing support from softer oil prices , while a jump in US Treasury yields after inflation rose faster than expected could be a dampener. The rupee is expected to open in the 93.70 to 93.74 range, per traders, having settled at 93.93275 to the dollar on Monday.

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