Turkey crisis effects India, rupee low of 70 against US dollar
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As Indian rupee continues to fall it has touched a new record of low of 70.02 against the US dollar today. The Indian rupee has declined by 10% in the current year. Crisis in the Turkey currency market is the reason for this decline in the Indian rupee. Turkey’s currency, Lira has fallen down by 12% against the US dollar. Traders are worried as the crisis in Turkey are affecting the global economy.