As the rupee hit a new low of 78. 28 in intraday trade and closed below the 78 level for the first time, bankers say that even if ...
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As the rupee hit a new low of 78. 28 in intraday trade and closed below the 78 level for the first time, bankers say that even if the currency of India’s trading partner has depreciated along with the rupee, imports would still be costlier as billing is in dollars, and most importers do not have bargaining power.
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