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Mumbai: The Indian rupee slumped to a record low of 54.42 against the US dollar Wednesday due to rising concern over fiscal deficit and poor economic outlook coupled with weak global cues.
The partially convertible rupee was trading 1.18 percent down at 54.42 against a US dollar. This is the weakest level of rupee recorded so far.
The earlier record low of 54.30 against a dollar was hit i...
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