Rupee closes at a new low on US rate worries

November 2, 2023

The rupee settled at 83.29 per US dollar on Wednesday, a new record closing low. The local unit had settled at 83.25 per US dollar on Tuesday. So far in 2023, the rupee has depreciated 0.7% versus the US dollar. The rupee’s previous record closing low was 83.28 per US dollar.

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