Forex

Rupee slides by 5 paise to end at 75.84 on forex outflows

PTI Mumbai | Updated on June 12, 2020 Published on June 12, 2020

The rupee settled 5 paise lower at 75.84 against the US dollar on Friday as volatile domestic equities and sustained foreign fund outflows weighed on investor sentiment.

Forex traders said risk appetite has waned and there are growing concerns about the resurgence of Covid-19 infections.

The rupee opened weak at 76.10 at the interbank forex market, but recouped most of the losses to close the day at 75.84 against the US dollar, down 5 paise against the last close of 75.79.

Published on June 12, 2020
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