
MUMBAI, Jan 27 (Reuters) – The Indian rupee resumed its downtrend on Monday, pegged by likely equity outflows and corporate hedging. The rupee quoted at 86.3675 to the U.S. dollar at 11:24 am IST, down from 86.2050 on Friday. The local currency had managed a 0.5% recovery last week, hitting the highest in two weeks,
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