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Rupee hits record low of 89.79 against U.S. dollar in intraday trading
The rupee fell to a historic low of 89.
The Indian rupee dropped to an all-time low of 89.79 against the U.S. dollar during intraday trade today, amid concerns over rising inflation and global economic uncertainty. The decline is attributed to the strong dollar and continued inflationary pressures, which have prompted investors to seek safer assets, weakening the rupee further.