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Rupee woes continue, plunges to 17-month low of 74.17 against US dollar

Rupee woes continue, plunges to 17-month low of 74.17 against US dollar

Tuesday, March 10, 2020, 9:44 AM

The Indian rupee slumped by another 30 paise to touch a 17-month low of 74.17 against the US dollar on Monday after global financial market meltdown signalled that the world is staring at a coronavirus-led economic recession. At the inter bank foreign exchange market, the local currency opened at 73.99. During the day, it moved northward, though briefly, to touch a high of 73.85.
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