Indian Rupee Falls To Near 4-week Low Versus U.S. Dollar
June 19 2018 - 3:43AM
RTTF2
The Indian rupee declined against the U.S. dollar in evening
deals on Tuesday, as regional shares fell on escalating trade spat
between the U.S. and China.
Traders eyed looming trade wars after U.S. President Donald
Trump threatened new tariffs on $200 billion of Chinese goods and
Beijing vowed to "immediately" retaliate.
The benchmark BSE Sensex ended the session down 261.52 points or
0.74 percent at 35,286.74 while the broader Nifty index dropped
89.40 points or 0.83 percent to 10,710.45.
The rupee declined to near a 4-week low of 68.45 against the
greenback from Monday's closing value of 68.05. If the rupee falls
further, 69.5 is likely seen as its next downside target level.
US Dollar vs INR (FX:USDINR)
Forex Chart
From Mar 2024 to Apr 2024
US Dollar vs INR (FX:USDINR)
Forex Chart
From Apr 2023 to Apr 2024
