Rupee slips 7 paise to 71.26 against USD as China virus fears spooked investors
At the interbank foreign exchange market, the local currency opened on a weak note at 71.21. During the day, it swung between a high of 71.16 and a low of 71.35.
The rupee depreciated by 7 paise to close at 71.26 against the US dollar on Thursday as the spread of a deadly new virus from China spooked investors. However, softening crude prices and strong domestic equity market restricted the rupee's fall, forex dealer
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