More Bad News For Indian Economy As Rupee Falls Further To 72.09 Against US Dollar

The rupee is continuing to go downhill amid reports of economic slowdown. The rupee tumbled by 67 paise to 72.09 against the US currency in early trade, tracking weak opening in domestic equities amid strong dollar demand from banks and importers.

Forex traders said the US tariffs on imports from China took effect on Sunday and were followed later by Beijing’s retaliation. Following this the domestic currency was under pressure.

BCCL/Representational Image

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