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Home ยป Rupee Drops to 95.55/USD as Importer Dollar Demand Rises

Rupee Drops to 95.55/USD as Importer Dollar Demand Rises

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The Indian Rupee fell 11 paise to settle at 95.55 against the US Dollar (opening down at 95.68). The slide was driven by persistent foreign portfolio outflows and heightened dollar demand from state-run oil marketing companies attempting to cover elevated crude import bills.

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