Rupee at record low: Currency falls to 96.70 against dollar after eighth straight session of losses

The rupee extended its losing streak for an eighth consecutive session on Tuesday, tumbling 50 paise to close at a record low of 96.70 against the US dollar amid elevated crude oil prices, persistent foreign fund outflows and a stronger dollar driven by global risk aversion, PTI reported.The rupee, which has emerged as Asia’s worst-performing…

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India facing economic emergency: Rayareddy

Koppal: CM’s economic adviser Basavaraj Rayareddy on Saturday alleged that the country is facing an “economic emergency” and blamed the Centre’s economic policies for the falling value of the rupee, rising prices and increasing unemployment.Addressing a press conference here on Saturday, Rayareddy criticised Prime Minister Narendra Modi’s economic policies and said the country’s financial situation…

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