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Rupee Breaks Six-Day Fall Against Dollar: 5 Things To Know

In the past six sessions, the rupee had weakened from 65.20 to 66.48 against the US dollar
In the past six sessions, the rupee had weakened from 65.20 to 66.48 against the US dollar

The rupee (INR) recovered by 10 paise to 66.38 against the US dollar (USD) on Tuesday, breaking its six-day fall. During Tuesday's session, the rupee had strengthened to 66.29 against the US dollar, but gave up some of those gains to settle at 66.35. While some selling of the dollar by exporters and banks boosted the rupee, a higher opening of stock markets also lifted the domestic currency, according to forex dealers. On Monday, the rupee had lost 36 paise against the dollar to close at a 13-month low of 66.48 against the US dollar.

Here are five things to know about the rupee's movement against the US dollar (INR vs USD):

(With agency inputs)