Rupee falls by 19 paise to 74.62 against U.S. dollar
The Hindu
The local currency opened at 74.43 against the greenback and witnessed an intra-day high of 74.42 and a low of 74.69 during the session.
The rupee on Monday slumped by 19 paise to 74.62 (provisional) against the U.S. dollar at close due to high crude oil prices, forex outflows and heavy losses in domestic equities amid growing geo-political worries.
Forex traders said the strength of the American currency in the overseas market and weak appetite for riskier assets also dragged down the local unit.
Moreover, market participants are now eyeing the U.S. Fed's January 25-26 meeting for further cues.
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