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Bloomberg Quint

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Image Credit: Bloomberg Quint

Rupee Slips To Record Low As Dollar Continues To Edge Higher

  • Indian rupee opened at 85.10 against US dollar, depreciated 3 paise to touch a new low of 85.15.
  • Rupee's weakening attributed to persistent dollar demand and global pressures.
  • Thin trading volumes expected during holiday season, but dollar index likely to remain elevated.
  • Rupee anticipated to trade within a range of 84.70 to 85.20 in the coming days.

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