Rupee extends fall against dollar, nears 82-mark. What to expect?
- On the previous day, the rupee recorded its biggest single-day fall in percentage terms since December 15 last year to end at 81.6125 from last week's closing of 81.3250.
The rupee weakened against the US dollar for the second day straight on Tuesday. The local unit inched closer to the psychological mark of 82. The domestic currency is expected to be under pressure on the back of feeble Asian peers, dwindling upside momentum, and buying in the greenback. However, this week, the rupee is seen to range between 81.20 to 81.80 levels against the dollar.
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