Indian rupee gains 29 paise in early trade at 73.83 per dollar

The rupee extended its morning gains as it is trading higher by 40 paise at 73. Yesterday the rupee ended higher by 8 paise after it plunged to all-time low of 74. US president said that the Fed is making a big mistake and being too tight in its policy and that led a big correction in US equities. On the other hand, RBI is also intervening to curb the volatility of the currency. Today, USD-INR pair is expected to quote in the range of 73.

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