Rupee Closes At 6-Month Low Towards US Greenback Immediately

Rupee (INR) Closes At 6-Month Low Against US Dollar (USD): 5 Things To Know

The rupee in the present day fell 29 paise in opposition to the US greenback to shut at 65.49, a greater than six-month low.


The rupee (INR) in the present day fell 29 paise in opposition to the US greenback (USD) to shut at 65.49, a greater than six-month low. The rupee traded within the vary of 65.50 to 65.32 in opposition to the buck earlier within the session. The rupee’s closing of 65.49 on Monday marks the weakest closing degree in opposition to the US greenback since October three, when the Indian forex had ended at 65.50. Commerce deficit widening to $13.7 billion in March and the US including India to the forex watch listing, led to a downfall within the home forex, stated foreign exchange advisory agency IFA World.



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