THE rupee hit an intra-day low of 85.81 to the dollar on Friday, despite the RBI selling the forex reserves from its kitty to prop up the domestic currency.
The domestic currency tanked 38 paise from the previous close to settle at 85.5914 on Friday as dollar continued to rally and importers were constantly lapping up the greenback. Traders are expecting more pains for the currency and see it falling to 86 by March.
For the reporting period ending December 20, forex reserves had fallen by $8.5 billion to a seven-month low at $644.39 billion, only enough to cover nearly 11 months of imports.
هذه القصة مأخوذة من طبعة December 28, 2024 من The New Indian Express Belagavi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 28, 2024 من The New Indian Express Belagavi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Biden Pardons Fauci, Milley To Guard Against Don's 'Revenge'
Pardons announced just hours ahead of Donald Trump's inauguration lays the groundwork for an even more expansive use of remission by future presidents
Kerala Woman Gets Death For Poisoning Boyfriend In 2022
THE Neyyattinkara Additional Sessions Court on Monday awarded a death sentence to SS Greeshma, 24, for murdering her boyfriend Sharon Raj by administering him an ayurvedic concoction laced with a lethal herbicide in 2022.
ED Statement on MUDA is Politically Motivated, Says CM
Chief Minister Siddaramaiah on Monday said the statement of the Directorate of Enforcement (ED) on attaching properties in the Mysuru Urban Development Authority (MUDA) case against him and others is politically motivated.
BR Patil hopes B'gavi event revives Cong back to old glory
BR Patil hopes B'gavi event revives Cong back to old glory
Sinner beats dizziness, Rune in round four
JANNIK Sinner battled dizzy spells on Monday to reach an Australian Open quarter-final against Alex de Minaur, admitting a long interruption when he accidentally broke the net was \"big, big luck\".
Birla expresses concern over short duration of Parliament sessions
LOK Sabha Speaker Om Birla on Monday expressed concern and anguish over planned disruptions of House proceedings, decline in the number of sittings, and erosion of dignity and decorum of legislatures across the country.
Govt Selects 24 Companies Under PLI Scheme for White Goods
The government has selected 24 companies under the third round of the production-linked incentive (PLI) scheme for white goods.
SA20: Sunrisers enter play-offs
SUNRISERS Eastern Cape defeated Durban Super Giants by six wickets to enter the playoffs of the SA20 here.
NIMAS team finishes Arunachal leg of Brahmaputra rafting expedition
A team of the National Institute of Mountaineering and Adventure Sports (NIMAS) has achieved a milestone by completing the Arunachal Pradesh leg of the historic Brahmaputra River Rafting Expedition.
THE NEED TO CELEBRATE DIVERSITY WITHIN LGBTQIA+
ONALD Trump's recent statements about abolishing \"transgender lunacy\" and emphasizing binary gender identities have sparked widespread concern.
