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Business

Rupee falls 11 paise to close at 82.03 against US dollar

March 09, 2023 07:33 PM

The Indian rupee declined 11 paise to close at 82.03 against the US currency on Wednesday after US Federal Reserve Chair Jerome Powell warned that US interest rates might go up higher than expected.

At the interbank foreign exchange market, the rupee opened at 82.25 against the greenback.

The dollar scaled multi-month highs against most other major currencies on Wednesday.

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