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A steep fall in the value of the South African rand has made holidays in Cape Town among the cheapest for those seeking winter sun.
But such a move would also concede the sanctions' severe inflationary impact, which has caused a steep fall in the value of the Iranian currency this past year.
The Bank of England has kept the UK base interest rate at its historic low of 0.5% despite a steep fall in the value of sterling linked to the EU referendum, which policymakers said was likely to exert upward pressure on inflation.
One might argue that the sanctions have not been terribly effective: a few of the regime's cronies are finding it a bit more difficult to access funds around the world, but the bigger problem for Putin is the 40% drop in global oil prices that has meant a steep fall in the value of the Russian rouble.
He warned that the absence of higher interest rates and of a steep fall in the value of the dollar so far has made Americans complacent about the deficit.
The Japanese banking sector will be in the spotlight Friday with earnings reports from two of its three biggest, Mizuho Financial Group and Sumitomo Mitsui Financial Group, which are expected to show damage from a steep fall in the value of their stock holdings and higher credit costs amid a deep recession.
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A steep fall in the gravity is observed near station 7, where it has a minimum value of − 70 mGal.
A steep fall in the price of oil, the main export, has cut into government revenues.
BANGALORE— Though the steep fall in the value of the rupee has affected several sectors of the Indian economy adversely, India's information technology giants, Tata Consultancy Services, Infosys and Wipro are expected to be the biggest gainers from a weak rupee.
Guy Hands, the chief executive, said the firm's partners would waive the carried interest earned over the past four years in recognition of a steep fall in asset values.
It said preventing a steep fall in asset prices had increased the value of households' financial wealth, although it admitted that holdings were heavily skewed, with the top 5% of households holding 40% of these assets.
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