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Securities and Exchange Board of India

Securities and Exchange Board of India latest

India: While Stocks Recover, Rupee Is Still In Critical Condition
March 25th, 2020 - 08:00 GMT

India: While Stocks Recover, Rupee Is Still In Critical Condition

The Indian rupee opened higher at 20.70 per UAE dirham on Tuesday, compared to the previous close, then went on to touch a new low of 20.89 against the previous close of 20.71 per dirham as shares closed three percent higher. Currency analysts said the Indian currency remained under mounting pressure amid huge outflows from the capital market. The rupee is likely to test 76.50 per dollar any time now ...
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