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Rupee settles 6 paise lower at 75.72 against US dollar

Wed June 24 2020

 

The rupee pared its early gains to settle down by 6 paise at 75.72 against the US currency due to concerns over fresh trade tensions between the EU and the US and rising COVID-19 cases.

 

Forex traders said factors like weak domestic equities and India-China border tension also weighed on investor sentiment.

 

The rupee opened at 75.61 against the US dollar, but lost ground and closed at 75.72, registering a fall of 6 paise over its previous close.

 

It had settled at 75.66 against the greenback on Tuesday.

 

Source: Hindu business line.

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