Rupee's wild ride: Hits record low of 89.79 against dollar

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Rupee's wild ride: Hits record low of 89.79 against dollar

Oh boy, the rupee took a tumble today, hitting a record low of 89.79 against the dollar! Blame it on a strong dollar, rising oil prices, and some heavy dollar shopping by importers. Meanwhile, the stock market indices, Sensex and Nifty, decided to take a little dip too, as foreign investors were busy selling off. What a rollercoaster ride!