Friday, November 22, 2024

Rupee ends October near record low amid outflows

Thursday, October 31, 2024, 20:22
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The rupee closed near an all-time low against the dollar, ending at 84.08, with RBI intervention keeping it steady amid US election anxiety. The rupee dipped 0.3% in October, trading between 83.79 and 84.1. With potential Trump win, RBI prepped for sudden outflows, though importers and exporters may overlook rising global risks.

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