Rs  plunges to 9-month low of 75.05 against $

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The Indian rupee fell for the sixth straight session to mark its lowest level in nearly nine months at 75.05 against the American currency on Monday as investors fretted over the prospects of lockdown in some parts of the country amid continuous rise in Covid-19 cases.

At the interbank foreign exchange, the rupee settled 32 paise lower against the greenback as weak domestic equities, rising crude oil prices and foreign fund outflows also weighed on sentiment.

The local unit opened at 74.97 against the greenback and traded in the range of 74.78 to 75.14 during the day.

Daily Pioneer
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