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India ‘Pumped’ On Intervention Speculation; Everyone Else ‘Dumped’

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Equity markets across AsiaPac are once again a sea of crimson with India and Indonesia taking front of stage… but in divergent ways for a change. After slamming lower to new record lows (not surprising given the forwards weakness all day), speculation was rife that the RBI intervened in the Rupee and Indian stocks jumped exuberantly on…