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Rupee's valuation hits over-a-decade low: Currency hurt by Middle East war, FPI outflows
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Rupee has hit a decade-low against global peers, driven by soaring oil prices and significant foreign investor withdrawals. This depreciation, reflected in a weakened Real Effective Exchange Rate, makes exports cheaper but imports costlier. Despite the current undervaluation, a swift recovery is not anticipated due to sustained dollar demand. What's Your Reaction?
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