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Rupee plunges to over 8-month low of 68.24 vs USD

The rupee fell to over 8-month low of 68.24 against the US dollar in mid-session deals Monday following bouts of American currency demand from importers amid drop in domestic equities as well as bullish dollar overseas.


Rupee plunges to over 8-month low of 68.24 vs USD

Zee Media Bureau

New Delhi: The rupee fell to over 8-month low of 68.24 against the US dollar in mid-session deals Monday following bouts of American currency demand from importers amid drop in domestic equities as well as bullish dollar overseas.

The dollar Index is trading down by 0.11 percent at 101.30 against a basket of six currencies.

Overseas, the US dollar was up to a six-month high against major rivals in early Asian trade, as investors continued to back bets that the administration of President-elect Donald Trump would embark on expansionary fiscal policies and boost growth.

Meanwhile, the benchmark BSE Sensex was trading lower by 337.69 points or 1.29 percent at 25,812.55 at 1122 hrs.

From Zee News

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