Rupee Falls Sharply To Close Below 68 Against Dollar: 10 Things To Know
The rupee weakened by 29 paise to finish at 68.13 against the US dollar on Monday. Demand for the greenback from importers and banks put pressure on the rupee. Concerns relating to US-China trade conflict hurt investor sentiment, following US President Donald Trump's threat aiming at Chinese investments - a move which could have great long-term consequences on the economic ties between the two largest economies in the world. Meanwhile, weakness in the domestic equity markets added to pressures on the rupee against the US dollar. The rupee had closed 14 paise higher at 67.84 against the US dollar last Friday.
Here are 10 things to know about movement in the rupee against the US dollar (INR vs USD):
opened at 68.00crude pricesOPEC or Organization of the Petroleum Exporting Countries(With agency inputs)
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