The rupee plunged to a new lifetime low of 82.43 a dollar Friday. It lost more than half a percentage point to close at 82.33, the unit’s lowest ever closing level, Bloomberg data compiled by ETIG showed.
The consecutive falls that resigned Nifty to a close below lower bollinger band on Friday raises the prospects of a mean reversion move. Further, 20-week
Brent crude futures dropped $4.89, or 5.05%, to $91.89, after briefly falling below the key $90 support level earlier in the session. US West Texas
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