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Rupee Hit New Record Lows 26 Times Since Ukraine War; Teetering Near 80/$

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The rupee is in for a rough ride ahead, with the next key psychological level of 80 per dollar almost a done deal after a blowout US inflation print, which will boost the already-rampant dollar further. "Asian FX vulnerable to sell-off after US inflation surprise," said Robert Carnell, Regional Head of Research for Asia-Pacific, at ING.

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Category
Asia
Tags
NDTV 24x7, Rupee, Dollar
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