The rupee continued to grind lower in trade today, hitting 59.86 against the dollar and now threatening to breach its historic low of 59.98.
After maintaining a steady trend for the last few trading sessions, today's 20 paise drop would send raise fears of the rupee crossing the 60 mark. However, dealers say that the RBI would intervene to ensure the rupee does not cross that mark.
Meanwhile, equity markets are expected to open higher on a rebound in global sentiments.
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