Rupee falls 8 paise to close at 88.27 against USD

Rupee falls 8 paise to close at 88.27 against USD

MUMBAI [Maha Media]: The rupee depreciated by 8 paise to close at 88.27 against the US dollar on Tuesday on weak domestic stock markets and foreign fund outflows.

Forex traders said a weak US dollar and softening of crude oil prices cushioned the downside.

Investors are also keeping a watch on the Federal Reserve’s policy decision on Wednesday for further cues.

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