Rupee Closes at New Low on US Rate Worries

Rupee Closes at New Low on US Rate Worries

Mumbai: The rupee on Wednesday closed at a new low versus the US dollar as risk aversion ahead of the Federal Reserve’s statement, overseas investment outflows from Indian equities, and dollar demand from oil importers exerted pressure on the local currency. The rupee settled at 83.29 per US dollar on Wednesday.

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