Indian Rupee Slightly Off Near 3-week Low Against U.S. Dollar
January 26 2020 - 9:01PM
RTTF2
The Indian rupee came off slightly from its early low against
the U.S. dollar in the late morning session on Monday.
The decline came after the death toll from China's new
coronavirus grew to 80, raising concerns the outbreak could
severely disrupt the Chinese economy, an engine of global
growth.
The benchmark S&P BSE Sensex fell 175 points, or 0.42
percent, to 41,439, while the broader NSE Nifty index was down 53
points, or 0.43 percent, at 12,196.
The Indian rupee was trading at 71.35 against the greenback,
after recovering from near a 3-week low of 71.50 seen during
opening for Indian markets. The rupee had set a 4-day high of 71.09
against the greenback earlier in the session. The pair had finished
Friday's deals at 71.24.
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