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Indian stocks fall on US Fed's rate hike move; Rupee depreciates to new low of 80.44 against US dollar

Shortpedia

Content Team
Image Credit: swarajyamag

Indian stocks declined, though marginally, on Thursday morning in line with weak global cues, following yet another policy rates hike by the US Federal Reserve in its fight against high inflation. Meanwhile, the Indian currency rupee breached the psychologically crucial 80 mark again to touch another fresh all-time of 80.44 against the US dollar