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rupee hits record low as dollar strengthens and investors await fed remarks
The Indian rupee closed at a record low of 84.3950 against the U.S. dollar, slightly down from the previous session, but performed better than other Asian currencies. State-run banks' dollar sales helped mitigate the impact of a strengthening dollar and local stock market weakness. Investors are awaiting comments from Federal Reserve Chair Jerome Powell for insights on future U.S. monetary policy.
ilver prices decline as us inflation rises and election uncertainty eases
Silver prices are under pressure following a rise in US inflation, with the October rate at 2.6%, up from 2.4% the previous month, while the core rate remains steady at 3.3%. The recent US presidential election outcome has reduced uncertainty, but investors are still eyeing upcoming economic data and potential interest rate cuts from the Federal Reserve.
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