Rupee Hits new record Low, Weakness is seen for more days

The rupee touched a record low for the second day in a row on Tuesday as both foreign and domestic investors snapped up dollars to reduce exposure to India's cooling economy.
The currency has lost 4.8 percent of its value against the dollar in the last four weeks and 16 percent so far this year.
Investors took fright on Monday when government data showed India's industrial production fell 5.1 percent in October, the first monthly fall in more two years and far more than expected.

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