Wanted: United show by RBI, government on rupee

The rupee fell 67 paise to a record closing low of 61.10 to a dollar on Friday despite a series of steps taken by the Reserve Bank of India (RBI) in the past few weeks to rein in the depreciation of the local currency. This is 38 paise lower than its previous closing low of 60.72 in the last week of June, but the rupee’s lifetime intra-day low was even lower—61.21 to a dollar recorded on 8 July.

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