Indian Rupee Declines To 4-day Low Against U.S. Dollar
21 Abril 2020 - 1:50AM
RTTF2
The Indian rupee declined against the U.S. dollar in afternoon
deals on Tuesday, as a historic crash in crude oil prices deepened
worries about global economic slowdown.
On Monday, U.S. crude prices nosedived below the $0 a barrel
mark for the first time in history, led by a decline in global
demand on concerns about the economic impact of the coronavirus
pandemic.
The global death toll due to Covid-19 crossed 1,70,000-mark,
while the total cases of the infection jumped above 24,00,000.
India has currently 17,656 confirmed cases including 14,255
active cases and 2,841 cured/discharged cases and 559 deaths.
The rupee declined to a 4-day low of 76.35 against the
greenback, from Monday's closing value of 76.03. Immediate downside
target for the rupee is possibly seen around the 77 level.
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