Rupee inches towards record low on trade deficit worries - Economic Times

A trader at a state-run bank told Reuters that Thursday's decline was primarily on worries around how India would fund its record trade deficit at a time when the U.S Federal Reserve is increasing interest rates.

The Indian rupee declined against a strong dollar on Thursday as the country's record trade deficit remained a cause for concern ahead of the Reserve Bank of India's monetary policy decision due at t… [+1241 chars]

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