The local currency dropped by 49 paise or 0.70 per cent to close at 70.59 to the dollar at the interbank foreign exchange market, logging its biggest single-day drop since August 13 when it nosedived 110 paise or 1.6 per cent. The rupee had earlier hit its all-time closing low of 70.16 on Monday.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2wmwNWS
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