Forex

Rupee slides 10 paise to 71.64 against US dollar

PTI Mumbai | Updated on February 20, 2020 Published on February 20, 2020

Investor sentiments remain fragile amid coronavirus fears and sustained foreign fund outflows

The rupee on Thursday declined by 10 paise to settle at a more than one-month low of 71.64 against the US dollar amid heavy selling in domestic equities and strengthening of the American currency in the overseas market.

Forex traders said investor sentiments remained fragile amid coronavirus fears and sustained foreign fund outflows.

The death toll from the coronavirus epidemic in China has climbed to 2,118, while the overall confirmed cases increased to 74,576, Chinese officials said on Thursday.

At the interbank foreign exchange market, the local currency opened at 71.75. During the day, it lost ground and touched a low of 71.80 and finally settled 10 paise lower at 71.64 against the US currency, a level not seen since January 8.

The rupee had settled at 71.54 against the US dollar on Tuesday. Forex market was shut on February 19, on account of Chhatrapati Shivaji Maharaj Jayanti.

 

 

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Published on February 20, 2020
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