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The Economic Times

Business

THE TRUTH ABOUT: Rupee slips as fed rate expectations boost dollar dent global stocks - The Untold Story

US Federal Reserve United States

The Indian rupee ended modestly weaker on Tuesday as a churn in U.S. rate expectations boosted the dollar to a one-year peak against a basket of peers, driving global equities lower and pressuring Asian currencies.

The rupee closed at 94.7350 per dollar, down 0.1% from its close at 94.6775 in the previous ‌session.

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