The Indian rupee weakened 24 paisa on Wednesday, its worst decline in two weeks, closed at 85.42 per Dollar Lare, as the currency failed to strengthen the mark of 85/$ 1, which led to uncertainty in favor of the local unit, said dealers.
Before the closure of a little strong, the rupee dolar was weakened by 85.52 per lure. The currency was previously closed at 85.12 per dilar lare.
A strong Dollar Ler index added pressure on the rupee. Most of the Asian currency also declined due to the increase in Dollar.
US President Donald Trump assured the markets that Federal Reserve Chair Jerome Powell will not be rejected.
There was pressure for most of the rupee session and only recovered at the end of the trading day. A trader with a public sector bank said, “On the termination, there were sufficient exporters selling the dollars loers, who would take the rupee down to 85.44.” “
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