Rupee Falls to New Record Low, Bonds Gain After Growth Slows
- Rupee slips to 84.7038 per dollar amid GDP miss, dollar rally
- India’s economy grew at its slowest pace in almost two years
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The Indian rupee declined to a new all-time low after data showed a sharp slowdown in the economic growth. Bonds extended gains on bets the central bank may cut interest rates sooner than anticipated.