Rupee falls 29 paise to close at 74.57 against U.S. dollar
The Hindu
The dollar index was trading 0.02 % up at 96.23.
The rupee on Tuesday slumped 29 paise to close at 74.57 (provisional) against the U.S. dollar, tracking the strength of the American currency in the overseas market.
Forex traders said growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as firm crude oil prices weighed on the local unit.
At the interbank foreign exchange market, the local currency opened at 74.49 and witnessed an intra-day high of 74.46 and a low of 74.61 against the U.S. dollar.
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