India News : The rupee touched a new low of 65.93 to the dollar on Tuesday, breaching past its earlier record of 65.56 last week, as the Lok Sabha cleared the Food Security Bill that would cost about Rs. 1.3 lakh crore to the exchequer.

Analysts say the Bill, which seeks to provide foodgrains at highly subsidised rates to an estimated 810 million people across India, will only widen deficit and fuel inflation due to increased government spending.


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