Rupee past 90

For the rupee, finding a floor seems to be getting difficult. On Wednesday, it slid past the psychologically-important 90 mark against the dollar to touch an all-time low of 90.29, before recovering slightly to end at 90.19.

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For the year, it is down about 5%. While the Reserve Bank of India (RBI) is believed to have intervened by selling dollars, its presence was found to be fleeting, in keeping with its largely hands-off approach seen this year. The government too seems unruffled, with chief economic advisor V. Ana