NEW YORK Dec 20 The euro pared gains against the dollar on Thursday, hitting New York session lows in volatile trading, with no real fundamental driver for the move and thin market conditions tending to exacerbate moves.
The euro touched New York lows of $1.3232. It was last at $1.3239, up just 0.1 percent on the day.
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Two years ago India was a "fragile five" economy growing at 5 percent, facing a severe current account deficit and the rupee at record lows as the U.S. Fed Reserve prepared to taper its stimulus programme. Today, two years into the term of RBI Governor Raghuram Rajan, India is set to confidently face the Fed's first rate rise since 2006. Full Article