Rupee slips to record low, cenbank intervention thwarts sharp fall
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee hit its all-time low on Friday pressured by equity outflows but managed to avert a sharp fall on account of sustained dollar sales from state-run banks, most likely on behalf of the Reserve Bank of India. The rupee closed at 84.0650 against the U.S. dollar, barely …
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