Indian Rupee Falls To 5-day Low Against U.S. Dollar
January 04 2021 - 8:32PM
RTTF2
The Indian rupee declined against the U.S. dollar in the morning
session on Tuesday, as investors focused on the Senate runoff
elections in Georgia that will determine control of the
chamber.
The races are between Republican Sen. David Perdue and Democrat
Jon Ossoff, as well as Republican Sen. Kelly Loeffler and Democrat
Rev. Raphael Warnock.
The opinion polls show a narrow race and the outcome could have
a major impact on incoming U.S. President Joe Biden's economic
policies.
The Indian rupee slipped to a 5-day low of 73.16 against the
greenback, compared to Monday's close of 73.07. The rupee is seen
finding support around the 76.00 level.
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