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Rupee tumbles as Nancy Pelosi's Taiwan visit sparks US-China tension

A fresh record high monthly trade deficit in July also weighed on sentiment in the domestic currency market, traders said

Rupee | Rupee vs dollar | US China

Bhaskar Dutta  |  Mumbai 

Photo: Brent Lewin/Bloomberg
Photo: Brent Lewin/Bloomberg

The weakened sharply against the dollar on Wednesday as concerns of tension between US and China sparked by US Speaker Nancy Pelosi’s visit to eroded risk appetite. It sent investors rushing to the safety of the greenback, dealers said.



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First Published: Wed, August 03 2022. 18:38 IST