The Indian rupee extended its losing streak on Tuesday, opening at a record low of 96.85 against the US dollar before slipping further to 96.93 in early trade
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The rupee weakened to a record low of 96.47 against the US dollar amid a strong dollar, rising oil prices, and geopolitical tensions. Higher fuel costs and import expenses are increasing inflation risks in India. Analysts expect continued volatility, with recovery dependent on global stability and improved capital inflows.
