Rupee slips 32 paise to 75.21 against US dollar

March 30, 2020 09:56

The Indian fell 32 paise to 75.21 against the US dollar in opening trade on Monday, as investors braced for a prolonged period of uncertainty as coronavirus-induced lockdowns tightened across the world and in India. Forex traders said weak opening in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown. The rupee opened weak at 75.17 at the interbank forex market and then fell further to 75.21, down 32 paise over its last close. The rupee had settled at 74.89 against the US dollar on Friday. -- PTI

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