The Rupee Took More Blows Today As It Slipped 16 Paise

The rupee took more blows today as it slipped 16 paise to a fresh six and a half month low of 65.88 against the dollar that gained clout overseas on talk of a US rate hike and the prospect of monetary stimulus pullout.

The US Fed's policy decision and commentary led to foreign investors heading to the exit door here.

Month-end demand from importers for the US currency is at work, forex dealers said.

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