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Indian rupee falls to lifetime low against US Dollar

MUMBAI: Indian bonds and the rupee slumped on Monday as emerging market assets came under renewed pressure amid the spectre of a rising dollar, higher crude oil prices and escalating global trade tensions. The Reserve Bank of India (RBI) and its peers in other emerging economies have been forced to defend their currencies recently in the wake of a confluence of dollar-supportive events. However, the RBI wasn’t seen actively intervening in the foreign exchange markets as it did on Friday, traders said. The 10-year…