Rupee Slide

The rupee depreciated by 13 paise to 73.15 against the US dollar in opening trade on Tuesday tracking the muted opening in domestic equities

The rupee declined 17 paise to 73.73 against the US dollar in opening trade amid weak domestic equities and strengthening American currency in the overseas market

Domestic stocks advanced in early trade which supported the rupee. The key indices Sensex and Nifty, however, closed marginally down due to sell-off in financial counters

Meanwhile, all central banks including RBI are trying to reduce the risk and address the liquidity crunch. However, the increasing number of coronavirus cases in India will keep the rupee on an edge.

The only respite to the market sentiment is stimulus measures that nations are implementing to counter the economic impact from the coronavirus.

On Friday the Indian rupee slipped below 74 to the dollar for the first time in over 16 months.

From DBS Bank on India's economic growth to Sena-NCP-Congress staking claim in Maharashtra, Business Standard brings you the top headlines of the day

Feb gold goes past 40K on MCX, but spot market remains subdued as consumers shy away from making purchases at high levels

The rupee dropped to 72.2425 per dollar earlier this month, a whisker away from a nine-month low of 72.4075 set in September.

At the Forex exchange, the rupee opened lower at 73.80 and lost further ground to hit an intra-day low of 74.07 against the US dollar