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At the interbank foreign exchange, the rupee opened at 79.85 against the dollar, then fell to 79.88, registering a decline of 4 paise over the last close. On Monday, the rupee closed at 79.84 against the dollar.
At the interbank foreign exchange market, the local currency opened at 79.85 and saw an intra-day high of 79.81 and a low of 79.90 against the American currency. It finally ended at 79.88, down 4 paise over its previous close.
Rupee vs Dollar: Forex traders said the US dollar index witnessed an upturn after comments from US Federal Reserve officials over the quantum of rate hikes weighed on investor sentiments.
There are many ways in which we can reach a Zen-like state when our heads are exploding with crippling financial anxiety. No matter what happens, we need not worry about the latest bout of price hike.
The record fuel price hike last week has thrown a spanner in the works to the finance division's projection of bringing the twin problems of inflation and delicate foreign currency reserves under control by December.