Rupee plummets 105 paise to close at 74.47 against U.S. dollar
The Hindu
Meanwhile, the Reserve Bank of India maintained status quo on policy rates for the fifth time in a row.
The rupee tanked 105 paise to close at 74.47 (provisional) against the U.S. currency on Wednesday amid concerns over surging COVID-19 cases in the country. Meanwhile, the Reserve Bank of India maintained status quo on policy rates for the fifth time in a row. The central bank kept its key policy repo rate unchanged at 4%, but warned that the recent surge in COVID-19 infections has created uncertainty over economic growth recovery.
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