Hot US Inflation Rattles Asia, Sensex Opens Firm as Rupee Gains
US CPI rose 3.7% in September, above the 3.6% forecast, reviving Fed rate hike bets. Kospi fell over 8% intraday and the Nikkei nearly 5%, yet Sensex and Nifty opened higher on Thursday, led by IT stocks. The rupee firmed for a third straight session on fresh RBI curbs on dollar demand.
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