Rupee likely to hover around 68-70 against dollar: Economic affairs secretary

The rupee had earlier hit its all-time closing low of 70.16 on Monday. "There is some small mismatch in demand and supply which plays one way or the other depending upon the view that operators take. But some changes have happened which are material. Foreign portfolio investors took out $9 billion from the country in the first three months," economic affairs secretary S C Garg said while replying to queries on rupee value.

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