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: Sidhu Moose Wala's parents Balkaur Singh and Charan Kaur shared a picture of their…
New York: A group of American women has launched an unprecedented protest against men who…
Bhubaneswar: Four more handicrafts were granted approval by the Odisha government, taking the total number…
Bhubaneswar: In a significant stride towards advancing economic growth in the state, the Odisha government…
Hyderabad: ‘Baahubali’ actor Prabhas has signed a three-movie deal with Hombale Films, the makers of…
Berhampur: After theft from famous Tara Tarini shrine in Odisha’s Ganjam, burglars decamped with a…
Mumbai: Actress Athiya Shetty and Team India cricketer KL Rahul will welcome a new member…
Mumbai: Chief Election Commissioner (CEC) Rajiv Kumar on Friday came down heavily on political leaders…