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Why rupee is extending its weak run against US dollar?

The rupee fell to a record low of 82.66 on Monday, down from 82.33 from the previous session

The rupee fell to a record low of 82.66 on Monday, down from 82.33 from the previous session

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The Indian rupee has been having a bad run of form of late with no end in sight to the Ukraine war and interest rate hikes by global central banks

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“The double whammy of higher US rates and higher crude prices is back to haunt the rupee," IFA Global said in a note

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India's forex reserves declined to $532.66 billion, the lowest since July 2020. Reserves were at $537.5 billion the week prior