Representational photo: Indian Rupee, US Dollar

Photo: The Economic Times

Rupee Closes At 74.47 Against Dollar; Biggest One-Day Fall In 20-Months

The Indian rupee saw a decline of 105 paise against one US dollar, on April 7 markets shuts at 74.47 making it the biggest fall in last 20-months. However, the RBI's status quo on repo rate remains firm. According to a Research analyst Saif Mukadam, the depreciation is fuelled due to new lockdown restrictions. Besides, the Central government claims that the economic growth remains uncertain due to lockdown.

Wed, 07 Apr 2021 - 08:19 PM / by Harsh Vardhan

Tags: Indian Currency, Rupee, Dollar, Covid-19 Lockdown, RBI, repo rate

Courtesy: Deccan Herald