Rupee Edged Lower By 12 Paise To Settle At 72.55 Amid Rising COVID-19 Cases

2021-03-24 11:10:44

Rupee Edged Lower To 72.55 Against Dollar Amid Concerns Over New COVID-19 Cases

Rupee Vs Dollar Today: The rupee settled at 72.55 against the dollar

The rupee declined 12 paise lower against the US dollar on Wednesday, March 24, to settle at 72.55, following other Asian peers amid concerns over rising COVID-19 cases. Also, the local unit witnessed a decline as investor sentiment was weighed due to massive selloff in domestic equity markets today and a spike in global crude oil rates.  At the interbank foreign exchange market, the local unit opened lean at 72.51 against the dollar, having swung between an intra day high of 72.51 and an intra day low of 72.69 during the session. In an early trade session, the rupee depreciated 10 paise to 72.53 against the greenback, due to heavy selloff in domestic equities.

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