Indian Rupee Falls To 4-day Low Against U.S. Dollar On Budget Disappointment
February 02 2020 - 07:21PM
RTTF2
The Indian rupee declined against the U.S. dollar in morning
deals on Monday, as Budget proposals announced by Finance Minister
Nirmala Sitharaman failed to lift sentiment.
There was huge disappointment especially over lack of steps to
abolish the long-term capital gains tax, boost economic growth and
cut fiscal deficit.
The Indian rupee declined to a 4-day low of 71.74 against the
greenback from Friday's closing value of 71.62. If the rupee
extends decline, 73.00 is possibly seen as its next support
level.
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