70th Day Of Lockdown

Maharashtra70013301082362 Tamil Nadu2349513170187 Delhi208348746523 Gujarat17217107801063 Rajasthan91006213199 Uttar Pradesh83615030222 Madhya Pradesh82835003358 West Bengal57722306325 Bihar3945174123 Andhra Pradesh3676237464 Karnataka3408132852 Telangana2792149188 Jammu and Kashmir260194631 Haryana2356105521 Punjab2301200044 Odisha210412459 Assam14862854 Kerala132760811 Uttarakhand9592225 Jharkhand6612965 Chhatisgarh5481211 Tripura4231730 Himachal Pradesh3401186 Chandigarh2972144 Manipur83110 Puducherry79250 Goa73500 Nagaland4300 Meghalaya28121 Arunachal Pradesh2010 Mizoram110 Sikkim100
Business Market 30 Mar 2020 Rupee settles 70 pai ...

Rupee settles 70 paise lower at 75.59 against US dollar

PTI
Published Mar 30, 2020, 10:21 am IST
Updated Mar 30, 2020, 5:45 pm IST
Forex traders said weak opening in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown
Representative Image (PTI)
 Representative Image (PTI)

Mumbai: Indian rupee weakened today against the US dollar, tracking a selloff in domestic equity markets.

A broadly stronger US dollar also weighed on the rupee. After opening at 74.85, the fell to 75.59 at day's low against the USD.

 

In comparison, the rupee had closed at 74.85 in the previous session.

In today's session, rupee traded in the range of 75.10 to 75.59. The total coronavirus cases in the country has crossed 1,070, according to the latest data released by the government.

The Indian rupee was trading 70 paise down at 75.59 against the United States dollar at 4.15 pm

Forex traders said weak opening in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown.

According to Reliance Securities, rupee could track weak regional equities which resumed their fall this Monday morning after the number of coronavirus infections surged around the world.

"However, we believe that RBI could be present to intervene to curb excess volatility. Technically, USDINR spot is expected to remain in the range of 74.70-75.70 levels," it noted.

The number of deaths around the world linked to the new coronavirus has touched nearly 34,000. In India, the tally of confirmed coronavirus cases crossed the 1,000-mark.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.34 per cent to 98.69.

The 10-year government bond yield was at 6.12 per cent in morning trade.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT