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The Economic Times
The Economic Times

Rupee plunges for eighth straight session, breaches 96.60 vs USD on rising crude, US yields

United States India Oil Deficit US Treasury

The Indian rupee fell to a lifetime low on Tuesday, weighed by intensifying external pressures, with the prolonged Iran conflict driving a sustained surge in oil prices and pushing US Treasury yields higher.

The rupee slumped to a record closing low of 96.5325 per dollar, compared with the 96.3450 level it settled at on Monday.

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