Rupee slumps 22 paise, slips below 76/USD level in early trade
The Hindu
The rupee declined 22 paise and slipped below the 76 per US dollar level in opening trade on Wednesday as persistent foreign fund outflows and Omicron worries kept the pressure on the local unit. More
The rupee declined 22 paise and slipped below the 76 per US dollar level in opening trade on Wednesday as persistent foreign fund outflows and Omicron worries kept the pressure on the local unit.
Moreover, a muted trend in domestic equities and firm American currency weighed on the domestic unit, according to forex traders.
At the interbank foreign exchange, the rupee opened on a weak note at 76.05, then lost further ground and touched 76.10 against the American dollar in early deals, registering a fall of 22 paise over its last close.
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