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The Economic Times
The Economic Times
Business

Rupee's RBI-backed rally falters, slips past 95 on oil, slowing intervention

The Indian rupee fell past 95 per dollar ​on Wednesday, with rising oil ​prices undoing the central bank's recent efforts to prop ​up the currency.

The rupee opened weaker and remained under pressure through the morning session, breaching the 95-per-dollar level with little resistance to drop to a low of 95.2250.

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