Indian Rupee Slips to 73.53 Against US Dollar Due to Weaker Domestic Equity Market
- Date: 11-May-2021
- Source: Al Bawaba
- Sector:Financial Markets
- Country:UAE
Indian Rupee Slips to 73.53 Against US Dollar Due to Weaker Domestic Equity Market
The Indian rupee fell 18 paise to 73.53 against the US dollar (20.03 against the UAE dirham) in opening trade on Tuesday due to weaker domestic equity market and strengthening of the US currency.
In addition, concerns over rising Covid-19 cases also weighed on the currency.
According to India’s Ministry of Health & Family Welfare (MoH&FW), Monday’s spike of 329,942 new Covid-19 infections and 3,876 fatalities pushed the country's overall caseload to 22,992,517 and total death toll to 249,992.
Select Sector 
Select Country 
