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Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD

FM Nirmala Sitharaman on Monday said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effect on monetary and fiscal stability

Photo: Bloomberg
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Photo: Bloomberg

BS Web Team New Delhi
Rupee settles at 79.98 against US dollar; briefly touches 80/USD mark

The rupee slid to the psychologically low level of 80 in intra day trade before settling down by 15 paise at 79.97 (provisional) against the US currency on Monday due to a surge in crude oil prices and unrelenting foreign fund outflows.

At the interbank forex market, the local unit opened at 79.76 against the greenback but later lost ground to touch the psychological low mark of 80.00 against the American currency. Read more

Kerala reports India's second Monkeypox case from Kannur district

A 31-year-old man