Rupee hits a record low

At 62.83/84 per dollar

Indian Rupee closed at 62.83/84 per dollar on Monday (16 September 2013), compared to its previous close of 63.49/50 per dollar on Friday (13 September 2013), as hopes for a prolonged easy monetary policy in the U.S. boosted emerging markets, but surging headline inflation put domestic policy challenges back in focus.

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