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23Dec 2024
Indian Rupee Weakens Amid Rising US Dollar Demand
Why in the news? The Indian rupee breached the Rs 85 mark against the US dollar due to trade imbalances, inflation disparity, and investors pulling out funds from India. Why is the Rupee Weakening? Trade Imbalance: If India imports more from the US than it exports, demand for the US dollar increases, causing the rupee …
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