A widening trade deficit driven by rising oil prices along with expectations for a prolonged U.S. Federal Reserve policy tightening cycle is partly responsible for a 11% year-to-date fall in the rupee to a record low of 83.29 per dollar in October.
A widening trade deficit driven by rising oil prices along with expectations for a prolonged U.S. Federal Reserve policy tightening cycle is partly responsible for a 11% year-to-date fall in the rupee to a record low of 83.29 per dollar in October.
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