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The Indian Rupee has reached a record low of 83.43 against the U.S. dollar, influenced by various factors including the Federal Reserve's decision not to cut rates this summer and China's recent policy changes affecting its currency, the yuan. This decline, marked by a -0.52% drop, is part of a broader trend in emerging markets, where currencies are losing value against the dollar.
The Indian rupee fell to a record low closing level, tracking declines in emerging market peers against the dollar, after China jolted markets by loosening its grip on the yuan https://t.co/dLe4sF3PvM
USDINR Indian Rupee at record low -0.52% https://t.co/RCS7iMcCME
Indian Rupee Hits Record Low Against US Dollar https://t.co/2MBSJJTm89 https://t.co/cw1fQiC1zf