Rupee slips 3 paise to 75.18 against US dollar

PTI Mumbai | Updated on July 16, 2020 Published on July 16, 2020

The rupee settled 3 paise lower at 75.18 against the US dollar on Thursday, tracking a strengthening American currency amid worries over mounting Covid-19 cases.

Forex traders said the rupee traded in a narrow range as a strong dollar, foreign fund outflows and rising Covid-19 cases dragged the local unit down. A positive trend in the domestic equity markets capped the losses, they added.

At the interbank forex market, the rupee opened at 75.23 and swung between a high of 75.15 and low of 75.29 against the US dollar. It finally settled at 75.18, registering a loss of 3 paise over its previous close.

The rupee had ended at 75.15 against the US dollar on Wednesday.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.06 per cent to 96.13.


Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on July 16, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.