Rupee resumes fall as govt measures fail to click

Experts feel the measures may not have a long-term impact on rupee – BL RESEARCH BUREAU

It was a volatile week for the Indian rupee. The currency tumbled to a new record low of 72.91 on Wednesday, and recovered sharply from those lows to make a high of 71.52 on Friday. Reports on the government planning measures to curb the free-fall in the rupee helped the currency gain ground in the past week. However, the positive momentum was short-lived, as the rupee fell again below 72 on Monday, giving back most of the gains and closed at 72.50.To read more click on the following link: Rupee resumes fall as govt measures fail to click

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