Indian Rupee Falls To 4-day Low Against U.S. Dollar
March 19 2023 - 11:57PM
RTTF2
The Indian rupee weakened against the U.S. dollar in afternoon
deals on Monday, as regional shares fell on concerns about turmoil
in the U.S. banking sector and an impending recession.
The benchmark S&P BSE Sensex was down 794 points, or 1.37
percent, at 57,194, while the broader NSE Nifty index was down 250
points, or 1.47 percent, at 16,849.
The Indian rupee dropped to a 4-day low of 82.69 against the
greenback from Friday's close of 82.50. The rupee may locate
support around the 83.00 level.
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