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Rupee hits new low of 85.83 on strong dollar
The New Indian Express Mysuru
|January 07, 2025
THE rupee continued to its southward-ho for the fourth month, losing 4 paise to close at a new low of 85.83 on Monday, weighed in the blood bath on the equity markets amid persisting bearish tilt.
Traders said the rupee hit a new lifetime low as it was hurt by a persistent bearish outlook on the currency that has been troubled by a broadly stronger dollar and tepid capital flows following a slowdown in economic growth
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