Rupee’s valuation sinks to over-a-decade low, bruised by Iran war, portfolio outflows
Image used for representational purposes. File | Photo Credit: Reuters The Indian rupee’s valuation versus other major currencies, calculated on a trade-weighted basis, has fallen to its lowest in more than a decade, hit by the Iran war-driven surge in crude oil prices and chunky foreign portfolio outflows. The South Asian currency’s 40-currency real effective…
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