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Business News›Markets›Forex›Indian rupee dips to lifetime low on dollar bids by foreign banks
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    Indian rupee dips to lifetime low on dollar bids by foreign banks

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    Indian rupee dips to lifetime low on dollar bids by foreign banks
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    The Indian rupee fell to an all-time low of 84.0725 against the U.S. dollar, driven by strong dollar demand from foreign banks and regional currency weakness amid disappointment over China's economic stimulus efforts.

    Indian rupee dips to lifetime low on dollar bids by foreign banksAgencies
    The Indian rupee dropped to an all-time low on Monday, weighed down by persistent dollar demand from foreign banks, likely for their clients.

    The rupee dipped to a lifetime low of 84.0725 to the U.S. dollar, inching past the prior low of 84.07 hit on Friday. The local's currency drop past 84 came after it spent more than two months near to that level.

    The weakness in Asian peers amid disappointment over China stimulus also weighed on the rupee, traders said.


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