Currency, equities' woes deepen as rupee closes at 71.76 against dollar

The rupee almost touched 72 a dollar on Wednesday as the equities market continued its losing streak for a sixth straight trading session. The Indian currency closed at 71.76 a dollar, down 0.27 per cent from its previous record close of 71.57 a dollar. The Reserve Bank of India (RBI) continued with its hands-off approach, with light-touch intervention, but not enough to prevent the rupee from marking yet another lowest close. The benchmark Sensex on the BSE closed with losses for a sixth session, its longest losing streak in six months. After dropping as much as 383 points to 37,7.....

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