The rupee declined 16 paise to settle at 92.01 (provisional) against the US dollar on Wednesday, weighed down by a sharp rise in global crude oil prices and a stronger greenback as the war in West Asia raged on. FII outflows and weak sentiments in the domestic equity markets further pressured the local unit, according…
Global oil benchmark Brent crude was trading 25.68 per cent higher at USD 116.5 per barrel in futures trade as the war between US-Israel and Iran intensified. Forex traders said a sharp surge in FII outflows and a fall in domestic equity markets in morning trade further weighed on the local unit. Source
The conflict has triggered a record-low rupee and a foreign sell-off, leaving Indian markets caught between soaring oil prices and a strengthening dollar. Source
Stock Market Crash: There was a huge decline in the stock market on Wednesday. As soon as the market opened, Sensex and Nifty fell by about 2 percent. The Sensex fell more than 1,700 points to 78,443.20, its lowest level since April 17 last year. Nifty 50 slipped nearly 500 points to 24,305.40 and went…
The rupee on Friday hit its record low of 92.02 before ending a tad higher at 91.97 against the US dollar, amid a firm American currency and volatile geopolitical cues. Forex traders said sustained withdrawal of foreign funds and a negative trend in domestic equities weighed on investor sentiment. At the interbank foreign exchange, the…
The Indian rupee hit a fresh record low on Friday, January 23, amid strong demand for the US dollar from corporates and importers. The rupee slipped to 91.99, slipping past the previous record low of 91.7425 hit on Wednesday. Meanwhile, from its last closing price of 91.41, the domestic unit slumped 0.63%. (This is a…
