Indian Rupee Drops To 6-day Low Against U.S. Dollar
October 01 2019 - 2:21AM
RTTF2
The Indian rupee declined against the U.S. dollar in evening
deals on Tuesday, as regional shares fell on worries about exposure
of major banks to NBFCs and realty sectors after the crisis in PMC
Bank and Lakshmi Vilas Bank.
The benchmark S&P BSE Sensex fell 361.92 points, or 0.94
percent, to end at 38,305.41, while the broader NSE Nifty index
closed at 11,359.90, down 114.55 points, or 1.00 percent.
The rupee declined to a 6-day low of 70.99 against the greenback
from Monday's closing value of 70.49. If the rupee declines
further, 72.00 is likely seen as its next support level.
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