Rupee slumps 24 paise to 73.66 against US dollar in early trade
The Hindu
The central bank kept its key policy repo rate unchanged at 4 per cent, but warned that the recent surge in COVID-19 infections has created uncertainty over economic growth recovery
The Indian rupee slumped 24 paise to 73.66 against the US dollar in opening trade on Wednesday, after the Reserve Bank of India maintained status quo on policy rates for the fifth time in a row. The central bank kept its key policy repo rate unchanged at 4 per cent, but warned that the recent surge in COVID-19 infections has created uncertainty over economic growth recovery. At the interbank forex market, the domestic unit opened at 73.52 against the US dollar, then fell further to 73.66, registering a fall of 24 paise over its previous close.
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