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11Dec 2024
Rupee Falls to Record Low, Approaches 85 Mark
Why in the news? The rupee hit an all-time low of ₹84.852 against the dollar amid expectations of rate cuts under new RBI Governor Sanjay Malhotra, raising concerns about further depreciation. Impact of RBI Leadership Change on Markets: The bond and forex markets reacted differently to the appointment of Sanjay Malhotra as the new RBI …
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