Rupee rises 27 paise to end at one month high of 82.10 against US dollar
The dollar hovered around multi-week lows against the euro and sterling on Wednesday, after unexpectedly soft US inflation data cemented the view that the Federal Reserve will not raise interest rates later in the day.
The Indian rupee strengthened 27 paise against the US dollar Wednesday to end at one month high levels on likely corporate dollar inflows and increased expectations of a pause at the Federal Reserve's policy decision. The local currency ended at 82.10 a dollar, 27 paise higher than the previous close of 82.37.
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