New Delhi: The rupee fell 5 paise to an all-time low of 84.37 against the US dollar in early trade on Friday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities. Forex traders said the US Federal Reserve’s recent decision to cut interest rates signals a shift in the global financial landscape. Moreover, with Donald Trump’s tax and trade policies influencing global markets, PTI reported that volatility could re-enter the rupee’s trajectory.
At the interbank foreign exchange, the rupee opened at 84.32 against the greenback, then it fell further to an all-time low of 84.37, registering a rise of 5 paise over its previous close.
On Thursday, the rupee slipped 1 paisa to close at a fresh lifetime low of 84.32 against the US dollar.
Mumbai: Dharma Productions new social media post has left netizens speculating about a sequel to…
Bhubaneswar: Asma al-Assad, wife of ousted Syrian president Bashar al-Assad, has reportedly filed for divorce…
Cuttack: The second campus of SCB Medical College and Hospital in Cuttack would be completed…
Cuttack: Armed miscreants threatening businessmen and looting them at gunpoint appeared to have become a…
Hyderabad: A day after vandalism at Allu Arjun’s Jubilee Hill residence, the state police on…
Bhubaneswar: Stepping up their attack on Union Home Minister Amit Shah over his remarks on…
This website uses cookies.