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Rupee opens 28 paise down at 75.86 against dollar

Mon May 18 2020

 

The rupee on Monday opened 28 paise down at 75.86 against the US dollarNSE -4.34 % following weak domestic equity market as the government's stimulus package failed to revive confidence on Dalal Street.

 

In the last few sessions, rupee has been consolidating in the range of 75 and 76 (Spot) as market participants were awaiting for more details on the stimulus package announced by the Prime Minister in his address to the nation.

 

During the weekend Finance Minister Nirmala Sitharaman completed the announcement of the last leg of Rs 20 lakh crore economic package announced by Narendra Modi.

 

Source: https://economictimes.indiatimes.com

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