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A report in the Economic Times has said that the relative calm in the currency market may be disturbed in the next few weeks as corporate demand to repay about $8 billion of maturing loans and a likely slowdown of inflows due to revival of troubles in Europe will put pressure on the rupee.
Moreover, crude oil, which has now hit a level of $115 (Brent Crude) is likely to put pressure on the demand for dollars from crude importers.
The only silver lining might be hopes of a quantitative easing in the US, which could boost liquidity in the global markets and hence dollar inflows into India.
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