Is there any hope for the rupee?
The Indian currency, however, has in the last two trading sessions risen sharply against the dollar under the hope that foreign investors will soon buy into the Indian stock markets.
With risk aversion among foreign investors declining, the Indian rupee is likely to strengthen.
Image: A man waits beside a board showing exchange rates at a foreign exchange booth and travel agency in New Delhi. | Photograph: Nicholas Bradley/AFP/Getty Images
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