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Rupee breaches 62 against Dollar; 'stagflation' in sight, warns Market Expert

Asian News International
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August 15, 2013 AT 8:00 PM
Even as the Rupee hit a record low of 61.82 per dollar on Friday, dropping past the previous low of 61.80 hit on August 6, market experts have warned it might be soon that the country enters a phase of 'stagflation' if efforts were not made to arrest the fall in the currency.