Concerns of fears of rising fiscal deficit and capital outflows weighed on the domestic currency.
Tag: Dollar
Economic Crisis: Rupee Hits New Low Of 74.27, Plunges 21 Paise Against USD
It broke previous record low (intra-day) of 74.23 reached on October 5.
Rupee Falls 14 Paise Against US Dollar In Opening Trade
Meanwhile, the benchmark BSE Sensex continued to fall.
Rupee Sinks To New Low Of 72.91, Drops 22 Paise Against USD
Brent crude gained 0.35 per cent to quote at USD 79.34 a barrel.
Economy In Shambles: Rupee Under Modi Reaches Another Record Low Of 71.79 against the Dollar
Rupee fell 21 paise in late morning deals on Wednesday.
Rupee Plunges To Yet Another Record Low Of 71.37 Vs USD, But Monetary Experts Chetan Bhagat, Sri Sri Ravi Shankar Maintain Silence
The rupee’s previous record low was 71.21, marked on September 3rd.
Modi Makes History, India In Trouble: For The First Time In 71 Years, Rupee Falls To 71
At the Forex market, INR opened lower at 70.95 a dollar and slipped further to hit its lifetime low.
Rupee In Free Fall: Rupee Hits Fresh Record Low Of 70.82, Drops 23 Paise Against US Dollar
The local currency opened at 70.57 a dollar from its previous close of 70.59 but slipped to hit a fresh low of 70.82.
Rupee Plummets To Historic Low Of 70.09 Under Modi, Monetary Experts Chetan & Sri-2 Continue To Remain Silent.
In 2013, even Modi had said the fall in the value of rupee is not because of its ‘size’ but because of people sitting in Delhi who are busy in corruption.
Rupee Sheds 5 Paise Against USD Ahead Of RBI’s Monetary Policy Outcome
Dealers attributed the rupee’s fall to fresh demand for the US currency.
Rupee Falls To Fresh 1-Month Low, Down 42 Paise Against Dollar
Yesterday, the domestic unit had ended lower by 20 paise to 67.12.