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Rupee Carry Trade Gets A Boost From Government's Corporate Tax Cut

Government last week announced $20-billion corporate tax cut The move spurred $374 million of inflows into Indian stocks in three days Fears of global recession have dented risk appetite for emerging markets

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Going long on the rupee with borrowed dollars offered the best returns in the past month in Asia
The carry trade for the Indian rupee is getting boosted after a shock $20 billion tax cut by the government.
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