HomeEconomicsAfter Fed hikes rates, rupee loses 8 paise to 82.88 vs dollar.

After Fed hikes rates, rupee loses 8 paise to 82.88 vs dollar.

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  • After the US Federal Reserve boosted interest rates and maintained a hawkish posture, the rupee fell 8 paise to 82.88 against the dollar on Thursday morning.
  • The local unit opened at 82.87 versus the dollar at the interbank foreign exchange, then fell 8 paise to 82.88.
  • The local unit hit 82.84 against the dollar in beginning trade.
  • Wednesday’s rupee-dollar rate was 82.80.

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