India Rupee Hits Record Low as Oil Rise Sparks Regional Meltdown


The currency fell as much as 0.8% on Wednesday, the most since end-January, to 92.1850 per dollar, while the 10-year benchmark yield rose five basis points to 6.72%. The Reserve Bank of India intervened after the rupee breached the closely watched 92-per-dollar level, selling dollars to steady the currency, according to people familiar with the matter. 



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