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Rupee falls 13 paise to close at 82.01 against US dollar
July 26, 2023

The rupee fell 13 paise to settle at 82.01 (provisional) against the US dollar on Wednesday due to an elevated crude prices in international markets and month-end dollar demand from importers. 

Positive cues from the domestic equity market and inflow of foreign funds provided support to the rupee, even as investors traded cautiously ahead of US Federal Reserve's interest rate decision, forex traders said. 

According to Anuj Choudhary, research analyst at Sharekhan by BNP Pariba, the rupee declined "as traders adjusted their positions ahead of the FOMC decision tonight and month-end dollar demand from importers". -- PTI
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