Indian Rupee Hits New Low Amid Dollar Demand and Oil Drama

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Indian Rupee Hits New Low Amid Dollar Demand and Oil Drama

The Indian rupee hit a new low of 92.64 per dollar on Wednesday, driven by strong demand for dollars from importers and a lack of dollar supply before a bank holiday. The Reserve Bank of India is trying to manage the situation as concerns about a growing trade deficit loom large, and oil prices are adding to the drama. Stay tuned for more twists!