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Rupee likely to depreciate amid strong dollar demand, risk aversion in markets; USDINR pair to trade sideways

The Indian rupee Rupee is likely to depreciate against the US Dollar on Wednesday amid strong US dollar, risk aversion in markets, US inflation and Fed rate hike fears. USDINR spot price is expected to trade in a range of Rs 78.50 to Rs 80.50 in next couple of sessions. Rupee depreciated by 39 paise …

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