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    <title>Rupee trades flat in range-bound trade, hovers near all-time lows against US dollar</title>
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    <description>The rupee traded near record lows around 88.78-88.80 under pressure from a strong US dollar and importer demand, with domestic equity gains and lower crude partially cushioning declines. Market observers signalled a risk of breaching the all time closing low of 88.80 in the absence of central bank action, and emphasised RBI intervention and monitoring as the primary mechanism to address exchange rate volatility.</description>
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