The Indian rupee breached another crucial mark and depreciated 44 paise to slip below the 81-mark against the US dollar for the first time in early trade on Friday. The domestic currency was weighed down by the strong dollar overseas and risk-off sentiment among investors. Besides, a negative trend in domestic equities, escalation of geopolitical risk in Ukraine and rate hikes by the US Fed and Bank of England in a bid to contain inflation sapped risk appetite. Powered by Commodity Insights
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