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Rupee hits new low of 84.12, currency traders say this is not bottom
The New Indian Express
|November 06, 2024
DESPITE the broader equity market making a sharp rally towards the second half, rupee continued its precarious ride, falling further on Tuesday.
After closing at a record 84.11 to the dollar on Monday, the currency plunged to 84.13 in opening and recouped a bit to close at 84.1225 on Tuesday as persistent foreign fund outflows and a muted trend in domestic equities dented investor sentiment in the earlier part of the trade. And nobody believes this is the bottom.
This story is from the November 06, 2024 edition of The New Indian Express.
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