The Rupee Has Lost 43 Paise To An All-Time Low Of 76.87 Per Dollar News

The Rupee Has Lost 43 Paise To An All-Time Low Of 76.87 Per Dollar

Author's avatar Clout News Desk

Time icon April 16, 2020

On April 16, the rupee fell 43 paise to close at an all-time low of 76.87 per dollar in the interbank foreign exchange market on Thursday amid growing concerns of an economic slowdown due to the Coronavirus outbreak. Foreign exchange traders said that the market is currently avoiding taking too much risk. Therefore, investors are trending towards holding money in dollar-based assets and the dollar is strengthening against other global currencies. In the interbank currency exchange market, the rupee weakened to a low of 76.75 per dollar and remained under pressure. Finally, the rupee exchange rate closed at 76.87 per dollar, a loss of 43 paise against its previous closing price. The rupee ranged between 76.68 – 76.87 during trading. The rupee had closed at 76.44 against the dollar on Wednesday.

Author’s avatar

Clout News Desk

The Clout News Desk: Your trusted team dedicated to delivering the latest updates and insights from the world of entertainment. With a passion for uncovering captivating stories and a commitment to accuracy, we keep you informed and entertained. From breaking Hollywood news to trends in fashion and music, count on us to bring you the latest in entertainment. Join us as we explore the fascinating world of showbiz and beyond.