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Indian rupee in painful three-month decline

The last three months have shown a sharp decline in the value of the rupee against the dollar.
Indian rupee in painful three-month decline

Since February 27, the Indian rupee has declined 11.44% against the US dollar according to Bloomberg data compiled on May 28. The rupee’s sharp depreciation has been driven by a strong combination of fragile domestic fundamentals and an overall decline in risk appetite, analysts argue.

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