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Citi, Barclays see rupee slumping to 85 per dollar

Citi, Barclays see rupee slumping to 85 per dollar Citi expects the rupee to push to 85 to a dollar, while Barclays says that the risk of a short-term overshoot to 84-85 is high. Standard Chartered Plc has also extended its long dollar/rupee trade target to 85 after the local currency breached 83.

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