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The Indian rupee (INR) hit a record low on Wednesday on aggressive dollar (USD) bids by local oil companies, importers and equity-related outflows, while likely central bank intervention capped losses, traders said.
The Indian rupee closed at 83.3725 against the U.S. dollar, down 0.1% compared with its close at 83.28 in the previous…
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The Indian central bank likely sold US dollars to cap further deprecation in the rupee after the currency hit a fresh record low on Wednesday due to strong dollar demand from local importers and oil companies, four traders told Reuters.
The Indian rupee fell to a record low of 83.45 in the closing minutes…
" The Indian rupee (INR) fell to a record low against the US dollar (USD) on Friday, pressured by a drop in the offshore Chinese yuan and strong local dollar demand close to the end of the session, traders said.
The Indian rupee ended at 83.4250 against the dollar – its lowest closing level…