Rupee slips to 75.53 against U.S. dollar on Omicron concerns
The Hindu
The Reserve Bank of India on Wednesday kept borrowing costs at a record-low for the ninth consecutive time
The rupee on Thursday edged down by 3 paise to settle at 75.53 (provisional) against the U.S. dollar, tracking a firm American currency amid concerns over the impact of the on the economy.
Besides, unabated foreign fund outflows weighed on investor sentiments, traders said.
At the interbank foreign exchange market, the local currency opened at 75.45 against the greenback. The local unit soon pared its initial gains and touched a low of 75.58 against the U.S. dollar.
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