After creating nerves for Indian exporters, especially the IT companies, the rupee finally touched a month low by falling 43 paisa to close at 41.13 (it touched an intraday high of 41.18) on 8 June. It has dipped 90 paisa to the week’s high of 40.28 (also a 9 year high) during the week and might be a signal to the start of the downward cycle....
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