Indian Rupee Off 6-day Low Against U.S. Dollar
25 March 2021 - 1:36PM
RTTF2
The Indian rupee came off from its early low against U.S. dollar
in late morning deals on Thursday.
Concerns over climbing Covid-19 cases and caution ahead of the
expiry of March series derivative contracts on the NSE weighed on
Indian shares.
The benchmark S&P BSE Sensex plunged 599 points, or 1.22
percent, to 48,581, while the broader NSE Nifty index was down 175
points, or 1.2 percent, at 14,375.
The Indian rupee was trading at 72.60 against the greenback, up
from a 6-day low of 72.70 seen earlier in the session. The rupee
may locate resistance around the 70.00 level.
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