Rupee slides to 2-month low on 2nd COVID-19 wave in Europe

The rupee declined further by 23 paise to close at a two-month low of 74.10 against the US currency on Thursday, tracking weak domestic equities and strong dollar amid global risk aversion. At the interbank forex market, the domestic unit opened weak at 74.02 against the greenback, then lost further ground to touch an intra-day low of 74.16 to the dollar.

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