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Our conversation about the evolving question of challenging the primacy of the dollar in the global economy has led us well beyond the mechanics of foreign exchange and even trade relations. It inevitably touches on some much bigger questions concerning…
The Indian rupee hit a record low against the US dollar on Friday, driven by worries over rising oil prices and the continued outflow of foreign funds from the country’s stock markets. The rupee weakened to 83.99 per dollar, slightly…