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Rupee hits 68.72/$

Rupee vs dollar

Rupee vs dollar

Indian rupee breached the 68-mark, hitting a record low of 68.72 against the US dollar, down 248 paise from previous close.

The Indian currency right now is undervalued. But rising oil prices and risks to portfolio outflows could lead to further depreciation of the already undervalued rupee.

Update: Meanwhile, the rupee recovered from record low 68.72 per dollar to 67.96, down 166 paise from previous close.

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