Indian Rupee Weakens To 4-day Low Against U.S. Dollar
18 Abril 2021 - 11:26PM
RTTF2
The Indian rupee slipped against the U.S. dollar in the morning
session on Monday, as soaring Covid-19 cases and reimposition of
restrictions sparked worries about the economic recovery.
As India's daily tally of Covid-19 infections hit records,
experts say that localized lockdowns will hurt the economic
recovery from the pandemic.
The benchmark S&P BSE Sensex slipped 1,199 points, or 2.46
percent, to 47,632, while the broader NSE Nifty index was down 356
points, or 2.44 percent, at 14,261.
The Indian rupee fell to a 4-day low of 74.95 against the
greenback from Friday's close of 74.48. Next key support for the
rupee is seen around the 76.00 region.
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