Indian Rupee Drops To 16-month Low Against U.S. Dollar
2020年3月4日 - 10:42AM
RTTF2
The Indian rupee declined against the U.S. dollar in the morning
session on Wednesday, as the G-7 statement offered no specifics and
a surprise inter-meeting 50 basis point interest-rate cut from the
Federal Reserve did little to soothe investor fears over the
coronavirus's widening fallout.
The benchmark S&P BSE Sensex slid 227.92 points, or 0.59
percent, to 38,395, while the broader NSE Nifty index was down
55.05 points at 11,248.
The Indian rupee hit 73.88 against the greenback, its lowest
level since October 2018. At yesterday's close, the pair was valued
at 73.41. Next immediate downside target for the rupee is likely
seen around the 74.5 level.
US Dollar vs INR (FX:USDINR)
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