Page 2 - Rupee Closes News Today : Breaking News, Live Updates & Top Stories | Vimarsana

During the trading session, the rupeet witnessed an intra-day high of 81.09 and a low of 81.28 against the American currency.

A series of weak economic data from the U.S. has fuelled expectations that the Fed may reduce the magnitude of rate hikes or even pause it. A lower reading in the housing data due later in the day could restrict the recovery in the dollar, analysts said.

The energy-sensitive rupee closed out the 2021-22 financial year with a loss of over 3.5 per cent, tracking a general surge in crude oil prices from the ongoing Russia-Ukraine war.

The Indian rupee closed a touch lower, pressured by surging oil prices, likely to widen the current account deficit and push inflation further up.