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Rupee versus stocks correlation moderates: Citi
Citigroup says the correlation between the rupee and equity markets is moderating, though it still remains positive. According to Citigroup, the correlation between the BSE Sensex and the rupee for the past one- and three-months was of 0.47, down from 0.52 for the past one-year period and from 0.55 for the past three-year period. The consumer staples sector has worked best during periods of rupee
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