Rupee vs Dollar (INR vs USD) Update: The rupee began Wednesday’s trade on a stronger note against the US dollar, opening at 87.82 against its previous close of 88.05.
However, the domestic currency was not out of the woods. It was within 65 paise of an all-time low registered against the dollar last week.
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All eyes will be on the Fed’s upcoming rate decision (due late on Wednesday India time) for itd impact on the dollar and other major currencies including the rupee.
