Rupee finishes at all-time low of 83.57 versus the US dollar.
Participants in the forex market stated that the rupee is under pressure due to the dollar's strength versus other major currencies and the market's growing anxiety ahead of the Fed meeting.
Tuesday's record low for the Indian rupee versus the US dollar was reached ahead of the US Federal Open Market Committee's (FOMC) decision and amid the strong dollar relative to other major currencies.
From Monday's finish of 83.51, the rupee closed at a new record low of 83.57 against the US dollar. On Tuesday, the value of the home currency opened at 83.49. On April 18, the rupee hit a record low of 83.54.
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