Home INR USD/INR: Rupee Struggles As India Becomes The 2nd Most Covid Infected Country

USD/INR: Rupee Struggles As India Becomes The 2nd Most Covid Infected Country

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7th September 2020

The US Dollar Indian Rupee (USD/INR) exchange rate is on the rise, adding to last week’s shift higher. The pair trades at 73.44.

The Rupee is under pressure as the number of coronavirus cases continues to increase exponentially. New covid cases topped 90,000 in the past 24 hours. Indian now has recorded 4.2 million cases putting in above Brazil in terms of infection numbers. On the US has more cases at 6.2 million.

The US Dollar is heading higher on optimism from Friday’s non-farm payroll release and on safe haven trading as Trump blacklists another Chinese tech firm.

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Currencylive.com is a site operated by Wise Inc. ("We", "Us"), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of Wise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.