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Rupee falls to 90.15 against USD; investors await Fed's interest rate decision.
Summary
The Indian rupee weakened by 10 paise to trade at 90.15 against the US dollar due to corporate and importer demand. This movement is significant as investors are closely monitoring the US Federal Reserve's decisions on interest rates, which could influence currency values globally.
Key Points
- The Indian rupee depreciated by 10 paise.
- The rupee traded at 90.15 against the US dollar.
- The depreciation was driven by corporate and importer demand.
- Investors are awaiting the US Federal Reserve's stance on interest rates.
- The Fed's decision is expected to impact global currencies.
Full Article
The rupee depreciated 10 paise to 90.15 against the US dollar amid strong corporate and importer demand, with investors awaiting clarity from the US Federal Reserve. Market participants are in a wait-and-watch mode, anticipating the Fed's stance on interest rates and its potential impact on global currencies.
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