Indian Rupee Slides To Fresh 3-week Low Against U.S. Dollar
January 29 2020 - 9:54PM
RTTF2
The Indian rupee drifted lower against the U.S. dollar in
afternoon deals on Thursday, as regional shares fell on concerns
over the coronavirus outbreak and investors awaited cues from the
upcoming Budget.
The benchmark S&P BSE Sensex dropped 330 points, or 0.80
percent, to 40,869, while the broader NSE Nifty index was down 104
points, or 0.86 percent, at 12,025.
The rupee fell to 71.63 against the greenback, its lowest since
January 8. The pair had ended Wednesday's trading at 71.29. The
next possible support for the rupee is seen around the 74.00
level.
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