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India Rupee Review: At record closing low despite RBI's active intervention

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India Rupee Review

At record closing low despite RBI's active intervention

This story was originally published at 17:44 IST on December 23, 2024  Back
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The rupee ended at a record closing low against the dollar Monday as banks continuously purchased the greenback on behalf of importers, dealers said. The fall in the domestic currency was despite the Reserve Bank of India's persistent intervention through dollar sales, they said.

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