Priyanka News
Rupee breaches 56/dollar amid feeble RBI action
The rupee hit a fresh low again on Wednesday, as global headwinds continued to hammer the fundamentally weak currency amid a minor intervention by the central bank. According to market participants, the rupee may depreciate to 58 a dollar in the absence of strong measures from the government and the Reserve Bank of India (RBI).
On Wednesday, the rupee closed at 56.01 against the dollar, having hit
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