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Rupee witnessed maximum one-day fall against USD in last 8 months

The rupee has fallen to 70.60 against the US dollar in what is called to be as the maximum one day fall for the Indian currency in the last 8 months. Indian stocks market has also witnessed a sharp fall today, and there is an evident panic across the assets. Gold prices have also hit a six-year high in global markets. USD and China's Yuan has broken through the psychological 7.00 mark, causing a panic of terror through the Asian market.