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The Indian Rupee fell 31 paise to 96.25 against the US dollar, its lowest in over two months, driven by global risk aversion, rising bond yields, and FII selling.
Traders and analysts pointed to a combination of factors working against the rupee including a firm dollar, elevated US Treasury yields, oil-company dollar demand and continued foreign portfolio...
The rupee fell to 96.31 per dollar, a two-month low, due to global risk aversion, rising bond yields, and foreign investor selling. Analysts expect continued ne