The Rupee's Decline Continues

On Monday, the Indian rupee experienced a significant drop, closing at a new low of 85.12 against the US dollar. This marks a 5 paise decrease from its previous close of 85.07, primarily driven by the dollar's strengthening against other global currencies.

Market analysts predict that the coming two weeks are likely to see subdued activity, reflecting the ongoing economic challenges and the global currency market's volatility.

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