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Last updated:
28 Oct, 2022
Rupee touches 82.72 against dollar before closing at 82.63
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Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 28 Oct, 2022
Indian rupee on Friday closed at 82.63 after touching a high of 82.72 against the US dollar.
The Indian currency gave up its early gains due to higher dollar demand.
Earlier this month, rupee had touched a record high of 83.18 against the dollar.
The investors' dim outlook on China and also on the overall global economy has impacted the rupee.
Rupee's fate will also depend on the crucial Federal Reserve meeting on November 2, market watchers said.
In addition to this, the ECB's soft comments drove market views that central banks will likely moderate the pace of monetary tightening.
This was more so, after the Bank of Canada surprisingly announced a smaller-than-expected rate hike.
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Customs Exchange Rates
Currency
Import
Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen
58.85
56.85
As on 13 Aug, 2022
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