US EditionRupee Falls to All-Time Low of 89.79 Against U.S. Dollar in Intraday Trade
The rupee fell 34 paise due to weak equities, foreign fund outflows, strong dollar, and rising oil prices, reaching a record intraday low of 89.79, experts said.
9 Articles
9 Articles
New Delhi. The rupee fell 32 paise to an all-time low of 89.85 in early trade on Tuesday due to the strength of the American currency in overseas markets and foreign capital inflows. Forex traders said strong demand for the dollar from companies, importers and foreign investors put pressure on the rupee. The rupee opened at 89.70 against the US dollar at the interbank foreign exchange market. It then touched a record low of 89.85 per dollar, a d…
Rupee falls to all-time low of 89.79 against US dollar in intraday trade
Mumbai: The rupee depreciated by 34 paise to an all-time low of 89.79 (provisional) against the US dollar in intraday trade on Monday, tracking a negative trend in domestic equities and persistent foreign fund outflows. Forex traders said a strong greenback and a rise in international crude oil prices also weighed down the Indian currency. Moreover, significant dollar demand by importers exerted persistent downward pressure on the local currency…
Rupee hits record low of 89.79 against US dollar
New Delhi: The Indian Rupee hit record low of 89.79 against US dollar in intraday trade on Monday. The rupee traded in a narrow range against the US dollar in early trade on Monday, as the support from positive domestic equities was negated by elevated crude oil prices and foreign fund outflows. Forex traders said significant dollar demand by importers has exerted persistent downward pressure on the local currency. Moreover, investors are adopti…
Coverage Details
Bias Distribution
- 67% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
