Rupee slides to record low past 96/$ as oil nears $110 per barrel

The Indian rupee fell to an all-time low on Friday, as oil prices neared $110 per barrel, deepening challenges for India’s external sector, which have started to reflect in economic indicators.

The rupee fell 0.3 per cent to 96.05 per US dollar, eclipsing its previous all-time low of 95.9575 in the previous session.

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