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We study the torus equivariant K-homology ring of the affine Grassmannian where is a connected reductive linear algebraic group. In type , we introduce equivariantly deformed symmetric functions called the K-theoretic double -Schur functions as the Schubert bases. The functions are constructed by Demazure operators acting on equivariant parameters. As an application, we provide a Ginzburg-Peterson type realization of the torus-equivariant K-homology ring of as the coordinate ring of a centralizer family for .

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