MUMBAI, Aug. 3, 2023 (TBINN)
The rupee recorded its steepest single-day fall in nearly six months on Wednesday, declining 45 paise to settle at 82.67 against the U.S. Dollar amid weak domestic equities and unabated foreign fund outflows.
Rupee was trading in a negative note on risk aversion in global markets and weak Asian currencies. There was also downside pressure on the local unit due to strong dollar against major rivals overseas.
At the interbank foreign exchange, the domestic unit opened at 82.38 against the dollar and touched a peak of 82.37 during intra-day. It finally ended the day at 82.67, registering a fall of 45 paise from its previous close.
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