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The Economic Times
The Economic Times
Business

Rupee slips as Fed rate expectations boost dollar, dent global stocks

US Federal Reserve United States

The Indian rupee ended modestly weaker on Tuesday ​as a churn in U.S. ​rate expectations boosted the dollar to a one-year peak ​against a basket of peers, driving global equities lower and pressuring Asian currencies.

The rupee closed at 94.7350 per dollar, down 0.1% from its close at 94.6775 in the previous ‌session.

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