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    <title>Rupee slumps 47 paise to hit an all-time low of 88.75 against US dollar</title>
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    <description>The rupee&#039;s sharp depreciation is linked to sustained foreign fund outflows and a significant H-1B visa levy expected to curb remittances and services exports, creating downward pressure on the currency. These developments heighten current account vulnerability and market risk aversion, while lower crude prices offer partial support. Market actors are advised to monitor PMI and current-account data and anticipate potential central bank intervention to stabilise the currency.</description>
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