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Bloomberg Quint
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Image Credit: Bloomberg Quint
Rupee Opens At Record Low Against US Dollar
- The Indian rupee fell by 3 paise to open at a new low of 84.41 against the US dollar.
- The opening marks rupee’s weakest level amid continued dollar strength and high yields.
- Anil Kumar Bhansali, Head of Treasury and Executive Director of Finrex Treasury Advisors LLP, noted that the rupee is expected to remain under pressure.
- Exporters are advised to wait, with a stop loss at 84.25.
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