Rupee vs dollar today: INR slips 14 paise lower at 76.53 against USD

Rupee vs dollar today: The Indian rupee declined by 14 paise to settle at 76.53 against the US dollar on Monday. During the session, the rupee witnessed high volatility and touched a high of 76.43 and a low of 76.68 against the US dollar.

At the interbank foreign exchange, the rupee opened strong at 76.43, but soon lost ground and finally settled at 76.53, registering a fall of 14 paise over its previous close.

On Friday, the rupee had settled at 76.39 against the greenback.

Forex Trader:
Forex traders said a firm US dollar weighed on the local unit. Besides, investor sentiment remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as global economy.

Market today:
Domestic market were trading on a positive note on Monday with benchmark indices Sensex trading 126.92 points higher at 31,715.64 and Nifty up by 25.20 points at 9,291.95.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.15 per cent to 99.93.

Brent Crude:
Oil prices fell on Monday, depressed by concerns U.S. storage facilities will soon be full as the novel coronavirus pandemic destroys demand and as companies prepare to report their worst quarterly earnings since the 2008 financial crisis says Reuters report.

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Coronavirus cases:
The number of cases around the world linked to the new coronavirus has crossed over 24 lakh. In India, more than 17,200 coronavirus cases have been reported so far.
(With PTI inputs)