On Wednesday, Rupee ended the day down 21 paise to 81.31 / $

17 Nov 2022 , 09:25 AM

On Wednesday, the rupee fell as worries about a geopolitical conflict escalation increased in the wake of a missile strike in Poland and the ongoing confrontation between Russia and Ukraine.

The rupee also suffered from a bigger monthly trade imbalance at home and the first decline in exports in two years. Against 81.10 on Tuesday, the local currency ended the day at 81.31. The rupee has fallen 8.6% versus the US dollar thus far in 2022.

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