Rupee breaches 70/$-mark for the first time ever

The rupee on Tuesday hit a record low as it fell below the Rs 70/$-mark for the first time ever, in what seems to be a huge blow to the Indian economy. While the rupee had recovered from its record low in early trade on Tuesday, it again nosedived to a record low and breached the Rs 70/$-mark. The development comes at a time when there has been a global rout in currencies.

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