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Rupee marginally lower at 60.71 against the dollar
INR
83.550 | United States Dollar |
The rupee last week hit a one and a half month low, on demand for dollars and lack of fund flows from Foreign Institutional Investors.
The Indian currency was one of the worst performing emerging market currencies last year, but, has recovered substantially after hitting a lifetime low of 68.81 against the dollar.
However, improving fundamentals of the Indian economy, particularly the current account deficit has helped the rupee recover dramatically since then. Check currency rates here
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