Rupee continues to decline for third consecutive session, hits low of 85.26
The New Indian Express Vijayawada|December 27, 2024
THE rupee continued to bleed for the third consecutive day on Thursday, pressured by a firm dollar and importers' month-end dollar demand.
BENN KOCHUVEEDAN @ Mumbai

THE rupee continued to bleed for the third consecutive day on Thursday, pressured by a firm dollar and importers' month-end dollar demand. At the end of the market hours, the currency lost 6 paise against the dollar at 85.2625 from 85.20 in the previous session and had an all-time low of 85.2825 intra-day.

A trader said importers were very active in the market, though trading volume was relatively low as the year-end is nearing. It can be noted that the rupee's drop to 85 from 84 happened over two months, while the decline to 84 from 83 took nearly 14 months.

هذه القصة مأخوذة من طبعة December 27, 2024 من The New Indian Express Vijayawada.

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 December 27, 2024 من The New Indian Express Vijayawada.

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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