Rupee Declines 11 Paise To Close At 82.03 Against US Dollar
NDTV
Forex traders said the Dollar index gained strength after US Federal Reserve Chairman Jerome Powell reignited worries of a 50-bps rate hike in the Federal Open Market Committee (FOMC) meeting to be held on March 21-22, 2023.
The rupee depreciated 11 paise to close at 82.03 (provisional) against the US currency on Wednesday as a strong dollar in the overseas market weighed on investor sentiments.
Forex traders said the Dollar index gained strength after US Federal Reserve Chairman Jerome Powell reignited worries of a 50-bps rate hike in the Federal Open Market Committee (FOMC) meeting to be held on March 21-22, 2023.
At the interbank foreign exchange market, the rupee opened at 82.25 against the greenback and closed at 82.03 (provisional), registering a fall of 11 paise over its previous close of 81.92 on Monday.
Stock and money markets were closed on Tuesday on account of Holi.
