Rupee Weakens Against Dollar Amid Selloff In Equities

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Rupee Weakens Against Dollar Amid Selloff In Equities

Mumbai:

The rupee tumbled by 23 paise to settle at 75.42 (provisional) against the US dollar on Tuesday as risk appetite remained weak amid heavy selling in domestic equities and a strengthening greenback.

The rupee, which had opened at 75.33 at the interbank forex market, lost ground and settled at 75.42 against the US currency, down 23 paise over its last close.

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