Opposition sharpens attack on Modi govt as rupee sinks to 70 per dollar

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The rupee plumbed new depths on Tuesday, dipping below 70 per dollar for the first time ever in a rout of emerging market currencies led by the Turkish lira, complicating the job of the Reserve Bank of India (RBI), potentially upsetting the government’s fiscal math and handing fresh ammunition to political opponents of Prime Minister Narendra Modi.
Read more at Hindustan Times.

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