Indian rupee slumps against US Dollar in opening trade

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Indian rupee slumps against US Dollar in opening trade

timestampApr 22, 2021 authorAlShorts Web Desk

The Indian rupee fell 52 paise to INR74.87 against US Dollar in opening trade on Monday amid fear of rapid Covid-19 transmission, which may disrupt economic recovery. Besides, the heavy sell-off in domestic equities also affected the investor sentiment. The rupee started on a weaker note against the US Dollar following surge in Covid-19 cases over the weekend.

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