USD/INR: Rupee Falls for Second Straight Day
- Date: 10-Jun-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Gulf
USD/INR: Rupee Falls for Second Straight Day
The Indian rupee slipped against the U.S. dollar for the second straight day on Wednesday amid weakness in domestic equity markets, which fell from record highs due to losses in energy and financial stocks.
The USD/INR rose to an intraday high of 73.0150 against the U.S. currency from Tuesday's close of 72.95. The dollar index, a measurement of the dollar's value relative to six foreign currencies, fell 0.09% to 89.99.
The Indian equity markets erased their early morning gains and settled lower on Wednesday, largely due to losses in Financial and Auto sector stocks. The benchmark BSE Sensex index fell 333.93 points or 0.64% to 51,941.64, while the Nifty-50 dipped 104.70 points 0.67% to 15,635.40.
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