Friday, August 31, 2018

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Rupee has now breached 71 for the first time

By  August 31, 2018  No comments
On Friday Rupee breached the 71-mark for the first time against the dollar, hitting a fresh low. The weakening of the rupee over the last few days has been attributed to month-end dollar demand from importers, the pressure being on currencies by Turkish lira and Chinese offshore yuan and rally in crude oil.

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