Rupee gets euro zone jolt, hits all-time low
The rupee continued its downward slide due to the euro zone crisis, closing at an all-time low of 53.83 a dollar today. Though the Reserve Bank of India (RBI) intervened by selling dollars, it was unable to arrest the fall. The political upheaval in Greece continued to hurt the sentiment across the world, as political parties haggled over chances of renegotiating the terms of a bailout.
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