Rupee plunges by 23 paise, slips below 75 a dollar on new COVID variant worries
The Hindu
Investors turned cautious in view of Omicron, the new variant of COVID-19
The rupee on Monday plunged by 23 paise to close at 75.12 (provisional) against the U.S. dollar, as investors turned cautious in view of a .
At the interbank foreign exchange market, the local currency opened at 74.84 and witnessed an intra-day high of 74.82 and a low of 75.16 against the U.S. dollar in a highly volatile trading session.
The local unit finally settled at 75.12 a dollar, down 23 paise over its previous close.
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