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Start learning 50% faster. Sign in nowThe beleaguered dollar took a battering against its all major rivals including emerging market currencies and crashed to a fresh 13—month lows after a dovish tone from the Fed allowed investors to push back rate rise bets and extend the recent risk—taking mood. Uncertainty surrounding the outcome of the Fed’s policy decision had made currency markets nervous across the globe recently. The Indian rupee was the best-performing currency in Asia in recent times.
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