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Rupee depreciated more, but all is not gloomy

Nabanita Dutta

News Editor

Monday rupee has depreciated even more to a new low of 72.67 against US dollar. According to the Forex dealers, the increasing price of crude oil, strong demand for US currency and capital outflow have been affecting rupee. However, all is not gloomy as the five-years record shows even though it depreciated against US dollar, it has appreciated among other currencies and is not the weakest currency in the market.