Rupee falls by 16 paise to 74.76 against U.S. dollar
The Hindu
The local currency opened at 74.60 against the greenback and witnessed an intra-day high of 74.57 and a low of 74.80 during the session.
The rupee on Tuesday depreciated by 16 paise to close at 74.76 (provisional) against the U.S. dollar due to month-end dollar demand from oil importers and a stronger dollar in overseas markets.
Investors' weak appetite for riskier assets also weighed on the rupee. Moreover, market participants are now eyeing the U.S. Fed's meeting outcome for further cues.
At the interbank foreign exchange market, the local currency opened at 74.60 against the greenback and witnessed an intra-day high of 74.57 and a low of 74.80 during the session.
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