Indian Rupee Falls To 9-day Low Against U.S. Dollar
August 19 2021 - 9:23PM
RTTF2
The Indian rupee lost ground against the U.S. dollar in late
morning deals on Friday, as regional shares fell amid uncertainty
over the spread of the coronavirus and the Fed's taper plans.
The benchmark 30-share BSE Sensex dropped 260 points, or 0.5
percent, to 55,369, while the broader NSE Nifty index was down 93
points, or 0.6 percent, at 16,476.
The Indian rupee weakened to a 9-day low of 74.48 against the
greenback. If the rupee falls further, it may challenge support
around the 76 level.
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