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Rupee reaches all-time low of 77.42 per dollar amid rising crude oil prices
The Indian rupee penetrated the 77 for every dollar mark interestingly in the midst of raised unrefined petroleum costs and a broadening import/export imbalance. The rupee was exchanging at 77.32 per dollar, down 41 paise from its past close. The hawkish position of the US Federal Reserve has brought about the solidifying of the US security yields with the dollar record fortified to long term high. RBI has been forceful in its intercession in the unfamiliar trade market and was seen safeguarding the Rs 77 for each dollar levels previously. This has brought about unfamiliar trade saves descending by around $45 billion from its unequaled high of $642 billion - went after the week finished 3 September 2021. The most recent information delivered by RBI on Friday showed the country's unfamiliar trade saves tumbled to $598 billion for the week finished April 29.