Rupee Falls To Fresh 6-Month Lows Against US Dollar: 5 Points
The rupee weakened beyond the 65.50 level against the US dollar today. It fell to a fresh six-month low of 65.58 against the US dollar. That marked the lowest value of the rupee against the US dollar since October 2017. So far in today’s session, the rupee traded between 65.58 and 65.41 against the US dollar. The rupee had on Monday fallen by 29 paise to close at a six-month low of 65.49 against the US currency on widening trade deficit concerns amid heightened geopolitical worries.