The Indian rupee rose by 4 paise to 76.60 against the US dollar on Tuesday, snapping its two-day losing streak, following a rebound in regional currencies and domestic equities. However, the appreciation bias in the local unit could be short lived amid fears about the economic impact of Chinas COVID-19 lockdowns and an aggressive pace of the US rate hikes. At the interbank forex market, the rupee opened at 76.48 against the greenback and moved in a range of 76.43 to 76.69 in the day trade. The rupee traded at 76.60, higher by 4 paise over its previous close of 76.64.
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