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Rupee slips to new low at 91.7 against dollar as Greenland pits Europe against Trump

The Indian rupee has reached an all-time low against the US dollar, closing at 91.64 after a drop of 67 paise. This decline is attributed to ongoing foreign fund outflows and increased uncertainty in global markets, exacerbated by tensions between Europe and the Trump administration.

Rupee slips to new low at 91.7 against dollar as Greenland pits Europe against Trump. Representational image

Rupee slips to new low at 91.7 against dollar as Greenland pits Europe against Trump. Representational image

Credit: Firstpost

Key Highlights

  • Rupee closed at 91.64 against the dollar, a new record low.
  • The rupee fell by 67 paise in a single trading day.
  • Foreign fund outflows are pressuring the rupee's value.
  • Global market uncertainties are contributing to the rupee's decline.
  • Tensions between Europe and the Trump administration are impacting market sentiment.
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Sources

  1. Rupee slips to new low at 91.7 against dollar as Greenland pits Europe against Trump

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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