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Wednesday, August 29, 2018

Rupee hits new all-time low of 70.47 against US dollar

Wednesday's low was in sync with weakness in other Asian markets and also due to strong month-end dollar demand. The RBI likely sold dollars in small quantities, said officials at state-run banks. On Wednesday, Niti Aayog vice chairman Rajiv Kumar termed calls for a stronger rupee a "falsifiable belief".

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