The Indian rupee drifted lower against the U.S. dollar in evening deals on Wednesday, as regional stocks fell and month end dollar demand weighed.
Fears of capital flight kept investors on edge after overnight data showed strong U.S. GDP growth in the third quarter, cementing expectations the Federal Reserve will hike interest rates sooner rather than later.
The rupee fell to 63.5655 against the greenback, its lowest since December 18, from yesterday's closing value of 63.305. The next possible support for the rupee is seen around the 64.00 zone.
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