The rupee saw a sharp dip of 18 paise in early trade as the US Federal Reserve announced a complete exit to its asset purchase programme, more popularly known as QE3.

There is a further possibility that the rupee may fall, as equity markets are expected to open weak. The end of QE3 by the US Federal Reserve would be less liquidity in the global financial system, which has been flush with money thanks to the Fed's Asset Purchase programme. Check rupee rates here

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