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Rupee falls 17 paise against US dollar
Prime News, National and International, Business, Mumbai, April 15:- The rupee slumped 17 paise to 75.22 against the US dollar in opening trade on Thursday (April 15) following losses in domestic equity markets amid concerns over rising COVID-19 cases.
Besides, foreign fund outflows also weighed on investors’ sentiment, forex traders said.
At the interbank foreign exchange, the domestic unit opened sharply lower at 75.19 against the dollar, and lost further ground to quote at 75.22, a fall of 17 paise over its previous close. In early deals, it touched a low of 75.23. The rupee on Monday (April 12) had closed at 75.05 against the US dollar.
The forex market was closed on Tuesday and Wednesday on account of ‘Gudi Padwa’ and ‘Babasaheb Ambedkar Jayanti,’ respectively.