The rupee on Monday tumbled by 102 paise to settle at a lifetime low of 76.22 (provisional) against the US dollar as domestic equities came under pressure following a sharp surge in coronavirus cases in India.

The rupee on Monday toppled by 102 paise to settle at a life time low of 76.22(provisionary) versus the United States dollar as domestic equities came under pressure following a sharp surge in coronavirus cases in India.|Picture Credit:
Getty Images.

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Market individuals are worried that the sharp rise in coronavirus cases, which has crossed over 400 in the nation.

The rupee on Monday tumbled by 102 paise to settle at a lifetime low of 76.22(provisionary) against the United States dollar as domestic equities came under pressure following a sharp surge in coronavirus cases in India.

Forex traders stated market individuals are worried that the sharp increase in coronavirus cases