Despite the rally in the stock market, the Indian rupee came in for a sharp weakness and closed at 82.78 to a dollar, down 31 paise on the day as the greenback gained against some of the major currencies. With a lower monthly closing in October, the rupee has now recorded its longest losing streak of 10 months in a row, Reuters reported. During October, the rupee lost 1.8% that took the year’s slide for the Indian currency to almost 11%.
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