At the forex market today, demand for the American currency is increased which results in lower down the value od rupee by 9 paise at 64.24
According to the forex dealers, "Besides, a strengthening dollar against other currencies overseas also put pressure on the domestic unit. With the US Federal Reserve signalling it was on track to gradually lift rates, the dollar sentiment got a boost"
They further added, "however, a higher opening in the domestic equity market restricted the rupee's losses."
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