INR dips to one-week low beyond Rs 94 per dollar mark as dollar firms on hawkish Fed
Mumbai, Nov. 12 -- The Indian rupee depreciated to a one-week low, down 33 paise to close at 94.04 (provisional) against the US dollar on Thursday, weighed down by a strong American currency. The dollar strengthened on a hawkish Fed speech and rising odds of a rate hike in December. At the interbank foreign exchange market, the rupee opened at 93.73 against the dollar. During intra-day trade, it witnessed a high of 93.62 and a low of 94.06. The local unit settled at 94.04 (provisional), lower by 33 paise from its previous close. Meanwhile, Indian shares gave up early gains to end on a flat note on Thursday, as persistent geopolitical tensions in the Middel East and Russia along with a widening controversy surrounding Nvidia CEO Jensen Hua...
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