Saturday, December 10, 2022

News Destination For The Global Indian Community

News Destination For The Global Indian Community

TRENDING NEWS
LifeMag
Rupee stressed against dollar

Rupee stressed against dollar

The rupee plunged 58 paise to close at an all-time low of 81.67 against the US dollar as the strengthening of the American currency overseas and risk-averse sentiment among investors weighed on the local unit.

Moreover, escalation of geopolitical risks due to conflict in Ukraine, a negative trend in domestic equities and significant foreign fund outflows sapped investor appetite, forex traders said. At the interbank foreign exchange market, the currency closes at an all-time low of 81.67 against dollar.

 

Rupee stressed against dollar

Rupee stressed against dollar

The rupee plunged 58 paise to close at an all-time low of 81.67 against the US dollar as the strengthening of the American currency overseas and risk-averse sentiment among investors weighed on the local unit.

Moreover, escalation of geopolitical risks due to conflict in Ukraine, a negative trend in domestic equities and significant foreign fund outflows sapped investor appetite, forex traders said. At the interbank foreign exchange market, the currency closes at an all-time low of 81.67 against dollar.

 

Leave a comment

Comments (0)

Related Articles

Opinion Express TV

Shapoorji Pallonji

GOVNEXT INDIA FOUNDATION

CAMBIUM NETWORKS TECHNOLOGY

Opinion Express Magazine

TRANS GLOBE ADVISORS