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An employee uses an electronic machine to check an Indian currency note inside a bank in Allahabad

Rupee may hit 57-60 in near term: CLSA
Reuters Market Eye - CLSA's Rajeev Malik says USD/INR could hit 57-60 "in the very near-term" because of global risk aversion and if there are no "constructive/effective" policy moves from the central bank or the government. Forecast is well above the most bearish estimates from a poll of analysts this week from Reuters. Key way forwards for INR will be global risk, RBI's measures and government's

Rupee rebounds after hitting latest record low

The rupee recovered after earlier dropping to its third consecutive daily record low, tracking a recovery in domestic stocks and after a RBI deputy governor said the Reserve Bank of India would

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Rupee drops to touch new low
The Indian rupee dropped on Friday to stand at Rs 54.85 against the US dollar.

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In rupee fall, RBI may target oil next

As the rupee plumbs to record lows against the dollar, traders say the Reserve Bank of India could go beyond interventions and target dollar demand from oil companies, an approach that if done right

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Rupee falls to record low in opening trades

The rupee fell to a record low against the dollar for the third consecutive day on Friday as risk aversion made a strong comeback with Asian stocks showing deep cuts and euro falling to a four-month

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Wal-Mart, Sears, GameStop are market movers
Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

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