MUMBAI: Wednesday to their lowest levels in over 4 months as the India rupee dropped to a record low reinforcing uncertainty about the country’s fiscal and economic fundamentals at a time of steep global risk aversion.
The rupee fell to a record low 54.52 against the dollar surpassing the previous record low of 54.30 hit in mid-December, as worries about the euro zone intensified as Greece gears up for new elections.
“I think the rupee is likely to touch 56 to the dollar by June-end.
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