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Rupee loses steam after two-day rally
Business Standard
|May 28, 2025
The rise and fall
The rupee depreciated to 85.34 per dollar on Tuesday after logging gains on two previous sessions, a fall attributed to a rise in dollar index and crude oil prices, said dealers. The selling of domestic equities also weighed on the local currency.
The domestic unit had ended the previous session at 85.09 per dollar. The dollar index rose by 0.43 per cent to 99.36 on Tuesday. It measures the strength of the greenback against a basket of six major currencies.
Cette histoire est tirée de l'édition May 28, 2025 de Business Standard.
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