₹hits fresh closing low of 83.29 as $ index rises
Business Standard|November 02, 2023
Geopolitical tensions in West Asia, rising crude prices led to foreign outflows
ANJALI KUMARI

The rupee hit a fresh closing low of 83.29 against the US dollar on Wednesday due to the rise in dollar index. This comes ahead of the US Federal Reserve outcome scheduled after market hours, dealers said. Additionally, geopolitical tensions in West Asia and rising crude oil prices led to foreign outflows which further weighed on the local currency.

The previous all-time closing low for the rupee was 83.28 on October 16. The Indian currency settled at 83.26 per cent on Tuesday. The dollar index, which measures the strength of the greenback against a basket of six major currencies, rose to 106.87 on Wednesday against 106.02 on Tuesday.

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ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 02, 2023 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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