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Rupee Takes a Plunge, Exports Hit a Tasty High!

Rupee Takes a Plunge, Exports Hit a Tasty High!

So, guess what? The rupee just took a nosedive to 90.87 per dollar, like a clumsy waiter dropping a pizza! Traders are scratching their heads as foreign funds bail out faster than I can finish a slice. But hey, exports are up 19.37%! It's like finding a dollar in your old jeans—unexpected but totally awesome!

Quick rundown

  1. Rupee hits a record low against the US dollar.
  2. India-US trade deal uncertainty impacts forex market.
  3. Foreign Institutional Investors continue to pull out funds.
  4. India's trade deficit narrows as exports rebound.
  5. Sensex and Nifty see significant declines in early trade.

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