Rupee slips 9 paise to 76.15 against U.S. dollar in early trade
The Hindu
Starting off on a tepid note, the rupee traded in a narrow band of 76.13 to 76.16 in early deals at the interbank foreign exchange.
The rupee dropped 9 paise to trade at 76.15 against the U.S. dollar in opening deals on Monday as sustained sell-offs in domestic equities by foreign investors hurt the local currency's recovery prospects.
Starting off on a tepid note, the rupee traded in a narrow band of 76.13 to 76.16 in early deals at the interbank foreign exchange.
Like domestic equities, which have been in the bear territory of late, the rupee too has given up to pressures created by a host of factors like surging cases of Omicron variant of COVID-19 and weak global sentiment .
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