For Quick Alerts
For Daily Alerts

Rupee Slumps 73 Paise Against US Dollar On NDA Election Debacle


The rupee fell past the 66 level mark against the US dollar for the first time since Sept 29, 2015, following an embarrassing defeat for the NDA in the Bihar Elections.

The currency was last trading at 66.48 against the US dollar, a drop of 73 paise over Friday's close of 65.75. Check and convert currency rates

Rupee Slumps 73 Paise Against US Dollar On NDA Election Debacle
There are chances that the rupee may recover later in the day as markets stabilize. In fact, stock markets saw some recovery in trade and the Sensex was down only 400 points, after falling by almost 600 points at the opening.

However, worries that the US Federal Reserve may hike interest rates in the US in the Dec, may continue to put pressure on the rupee in the weeks to come.

Read more about: dollar us federal reserve
Story first published: Monday, November 9, 2015, 9:45 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more