Mumbai, Sept. 29 -- The Indian rupee consolidated in a narrow range and settled for the day lower by 7 paise at its all-time closing low of 88.79 (provisional) against US dollar on Monday, on persistent foreign capital outflows and rise in risk-off sentiments. Rupee is hovering near its all-time low level as investors remained concerned over global trade uncertainties and impact of US visa fee hike on India's IT services exports. Negative cues from domestic equities also weighed down the counter. Indian shares gave up early gains to end marginally lower on Monday as caution set in ahead of RBI's upcoming MPC meet. Continued foreign fund selling, escalating tensions in Europe and the Middle East, fears of a potential U.S. government shutdo...
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