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The rupee declined by 8 paise to close at 73.42 against the US currency on Wednesday, snapping its four-day gaining streak due to risk aversion in the global markets and surge in crude oil prices. At the interbank forex market, the local unit opened lower at 73.51 against the greenback and traded in the range of 73.39 to 73.51 during the day. The rupee finally ended at 73.42 against the American currency, registering a fall of 8 paise over its previous closing of 73.34. Meanwhile, the dollar index, which gauges the greenback s strength against a basket of six currencies, rose 0.14 per cent to 90.26. Indian Rupee depreciated amid risk aversion in the global markets and surge in crude oil prices. Market sentiments are hurt as investors are worried over rising inflationary pressure in the US and escalating geopolitical tension between Israeli and Palestinians, said Saif Mukadam, Research Analyst, Sharekhan by BNP Paribas.

United statesRahul guptaSriram iyerDilip parmarSaif mukadamSenior research analyst at reliance securitiesUnion health ministryEmkay global financial servicesFederal reserveResearch analystSenior research analystReliance securitiesEmkay global financialஒன்றுபட்டது மாநிலங்களில்ராகுல் குப்தாஸ்ரீராம் இயேற்