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Rupee plummets against Dollar as crude oil price surge

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Rupee plummets against Dollar as crude oil price surge

timestampJul 01, 2021 authorAlShorts Web Desk

Rupee plunged by five paise to INR74.37 against the US dollar in opening trade on Thursday. The slump was majorly due to the greenback gaining strength, and crude oil prices recorded a surge. Several Asian currencies started weak against the as Brent crude futures rose 0.49% to USD75.13 per barrel. The rupee had settled at INR74.32 against the US dollar on Wednesday.

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