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Rupee slides as Chinese yuan weakens, October trade deficit hits mood

The rupee settled at 81.65 per US dollar on Thursday as against 81.31 per dollar at previous close

Indian rupee
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The weakness in the rupee was in line with other Asian currencies ahead of public appearances by some members of the US Federal Reserve later on Thursday

Bhaskar Dutta Mumbai
The rupee weakened 0.4 per cent against the US dollar on Thursday as a weaker Chinese yuan and outflows of overseas investment dragged the domestic currency lower, dealers said.

The rupee settled at 81.65 per US dollar on Thursday as against 81.31 per dollar at previous close. So far in 2022, the local currency has depreciated 8.9 per cent against the dollar.

A fall in the Chinese currency typically tends to weigh on other emerging market currencies.

The weakness in the rupee was in line with other Asian currencies ahead of public appearances by some members of the US Federal

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