The Indian rupee hit an intraday low of 71.96 against the US dollar on Wednesday as simmering trade tensions continued to hurt emerging market currencies, reported news agency Reuters. According to dealers, the fall in rupee is also due to sudden bouts of dollar-buying by banks and importers. Earlier, the rupee resumed higher at 71.43 against Tuesday’s closing level of 71.58 a dollar at the interbank foreign exchange market.
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