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Rupee trades lower for second straight day on Ukraine worries
INR
83.376 | United States Dollar |
Global currencies, including emerging market currencies were trading weaker on Tuesday after Ukraine said that it would mobilise its troops and Russia remained defiant.
The Indian currency was weak on Monday as well. Foreign fund flows into the Indian markets remained steady and foreign funds net bought in Indian shares on Monday despite worries over Ukraine.
The rupee has shown remarkable resilience in the last few months, after dropping to a historic low of 68.81 against the dollar last year. Check rupee rates here
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