Indian Rupee Hits Weakest Level Ever Against U.S. Dollar - The New York Times

The Indian currency has lost about 7 percent of its value against the dollar this year, a victim of higher energy prices and economic uncertainty.

On Tuesday, the rupee briefly crossed 80 to the dollar for the first time. The Reserve Bank of India intervened in the market, as it had in recent months, to bid up the currency, according to local m… [+516 chars]

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