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Dollar Towering, Rupee Crumbling: INR Hits Record Weakness at 90.55
The Indian rupee hit a record low of 90.55 per dollar before trading at 90.4775, down 0.1% from the previous close. Global dollar strength, rising crude import bills, and capital outflows pressured the currency. Analysts expect volatility to persist, with RBI closely monitoring the situation.
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