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Rupee to trade near record low over coming year; trade anxiety weighs: Reuters poll

Reuters  |  BENGALURU 

By Shrutee Sarkar and Manjul PaulBENGALURU (Reuters) - India's battered rupee will trade in a tight range in the coming year but not far from its historic low, hampered by higher oil prices and as trade tensions hurt emerging markets, a Reuters poll found.The Indian currency has lost over 7 percent this year, with worries over the U.S.-China trade conflict pushing it to a new record low of 69.122 against the dollar in July, making it the worst performing Asian currency.Taken after the Reserve Bank of India hiked rates to a two-year high on Aug. 1, the latest poll of about 40 foreign exchange ...

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First Published: Fri, August 10 2018. 11:08 IST
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