Explained: Kashmir, trade war, China — behind the Rupee’s fall | Explained News, The Indian Express

Explained: Kashmir, trade war, China — behind the Rupee’s fall | Explained News, The Indian Express

Written by Sandeep Singh |Edited by Explained Desk |New Delhi |Updated: August 6, 2019 6:47:22 pm

Explained: Kashmir, trade war, China — behind the Rupee’s fall

After losing 113 paise or 1.6 per cent to close at 70.73 against the US dollar on Monday, the rupee opened with marginal recovery on Tuesday and was up 5 paise, trading at 70.69 to a dollar.

The Monday’s rupee fall was the biggest single day fall in six years as it hit a five month low of 70.73.

After losing 113 paise or 1.6 per cent to close at 70.73 against the US dollar on Monday, the rupee opened with marginal recovery on Tuesday and was up 5 paise, trading at 70.69 to a dollar. The benchmark Sensex that had lost 418 points on Monday also recovered and was trading at 36,819 with a gain of 120 points Tuesday morning.