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Rupee hits record low of 96.14 against US dollar
Mumbai, May 15 (PTI) The rupee slipped below the crucial 96 mark in intraday trade on Friday, pressured by elevated crude oil prices, a strong dollar and hawkish comments from US policy makers. Forex traders said the USD/INR pair is reeling under tremendous pressure amid persistent outflows of foreign capital and weak net FDI inflows, […]
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economictimes.indiatimes.com
India rupee slips to record low near 96 per USD as energy risks deepen
The Indian rupee hit an all-time low, driven by high oil prices and portfolio outflows straining the economy. Policymakers are considering tax reductions for foreign investors on…
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Rupee almost breaches 96/$ before clawing back
The Indian rupee neared 96/$ amid foreign fund outflows, oil inflation, and balance of payments concerns. Reported central bank intervention helped the rupee recover from an…
