Tag: rupee
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Rupee Nears All-Time Low, Closes at 87.66 Against Dollar
The Indian rupee continued to weaken, falling 48 paise on Monday to close at 87.66 per US dollar. During intraday trade, the currency slipped as much as 55 paise to touch a low of 87.73. Reasons Behind the Rupee Weakness Market analysts attribute the decline to uncertainty in trade tariffs and consistent selling by foreign…