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The Indian monetary unit opened
at period low at 66.99 per greenback, down seven paise against 66.92 Monday.
Ashutosh Raina of HDFC Bank aforesaid, "The hawkish Fed speaks, increasing
the likelihood of Fed hiking rates at its September FOMC, has sent the world
markets into a dither." "We expect USD-INR combine to change the
67-67.50/dollar zero in the close to term," he added. The USA greenback
gained against the yen and riskier goods currencies when the impact of
pacifistic remarks from a prime central bank official pale, boosting sentiment
toward the buck.
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