The rupee weakened further by five paise to close at a one-week low of 68.13 against a resurgent dollar amid hawkish tone from the US Federal Reserve. High volatility continued to churn the market for the second day as investors waited for more clarity in an uncertain global scenario in the midst of confusing signals from the world’s major central banks.
Consistent demand for the dollar from importers mainly weighed on the rupee. However, better capital inflows and firm local equities helped the home currency regain some lost ground towards the fag-end of trade, a forex dealer said.
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