Rupee hits 8-week low of 75.40, tumbles 28 paise against USD
The rupee on Monday plunged by 28 paise to hit its weakest level in eight weeks at 75.40 against the US dollar in line with massive erosion in domestic stocks amid concerns over the new Omicron variant.
At the interbank foreign exchange market, the local currency opened weak at 75.22. Image source: Reuters