Rupee drops by 52 paise to 74.87 against U.S. dollar
The Hindu
At the interbank forex market, the local unit opened at 74.80 against the greenback and traded in the range of 74.79 to 75.05 during the day
The rupee plunged by 52 paise to close at 74.87 (provisional) against the U.S. dollar on Monday amid a lacklustre trend in the domestic equities as investors fretted over the prospects of lockdown in some parts of the country amid a surge in COVID-19 cases. At the interbank forex market, the local unit opened at 74.80 against the greenback and traded in the range of 74.79 to 75.05 during the day. The rupee finally ended at 74.87 against the American currency, registering a fall of 52 paise over its previous close. On Friday, the rupee had settled at 74.35 a dollar.
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