The Headlines – 89 and falling: Rupee hits record low; biggest drop since July amid weak equity cues

The Indian rupee experienced its sharpest single-day decline in over three months on Friday, falling past the 89-per-dollar mark for the first time. This significant drop occurred amidst a weak sentiment in both domestic and global equity markets. The currency’s fall was influenced by global cues and a flat growth in the country’s core infrastructure sectors.

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