 "Rupee sinks on Trump impeachment fears")
The Indian rupee lost more than one per cent of its value on Thursday on panic buying of dollars on news that there were chances that US President Donald Trump could be heading for an impeachment over alleged conversations with Russian government representatives.
The market had built up a huge short position on the rupee, expecting it to fall after a stellar run in the last one week. Rupee rose to a 21-month high of 64.05 a dollar on May 15. Those short positions were covered on Thursday, said currency dealers.
“Most likely a foreign investor, or a group of
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