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Rupee declines to record closing low
Mint Mumbai
|January 01, 2025
The rupee declined to a record closing low for the sixth consecutive session on Tuesday, weighed down by a decline in most Asian currencies alongside expectations that it is headed for more losses in 2025.
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The rupee closed at 85.6150 against the US dollar, down nearly 0.1% on the last trading day of the current year. The unit dropped 2.8% in 2024 to post a seventh consecutive annual decline.
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