MUMBAI:
The BSE Dollex 30, the dollar equivalent of the bellwether Sensex 30, has underperformed the benchmark index, returning 5% (to last year's closing of 7,126.68 on 31 December) compared to the Sensex's 8.16% (closing of 78,139.01), data from the BSE showed.
"Global investor returns are indexed to the dollar and, thus, the fall in rupee last year has impinged on their dollar returns," said Ashish Gupta, chief investment officer at Axis Mutual Fund.
The rupee slipped 2.9% in 2024, from ₹83.23 to the dollar as of end-2023 to ₹85.66 on 31 December last year. The slower fall relative to other currencies was backed by RBI selling dollar through spot, over-the-counter (OTC) forwards and non-deliverable forwards (NDF) markets.
Esta historia es de la edición January 02, 2025 de Hindustan Times Haryana.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 02, 2025 de Hindustan Times Haryana.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Haaland doubles up in Man City stroll as Chelsea draws at Palace
Erling Haaland scored twice as Man City pummelled West Ham 4-1 in the Premier League while in-form Newcastle inflicted another painful defeat on Ange Postecoglou's struggling Tottenham.
Fulton focuses on World Cup qualification
Craig Fulton had a short chat with Graham Reid before taking his seat in an empty Birsa Munda Hockey Stadium here to watch Delhi SG Pipers' practice in the morning.
Shooters suffer due to faulty equipment at Karni Singh range
Shooters are paying the price for faulty equipment at the Capital's Karni Singh range where the National Championships are being held.
Pant Breaks Free; Bumrah Injures Back
Fast bowler awaits scan results and his bowling will be key if India are to win the SCG Test to square series and retain BGT
Kohli exits in rage, maybe for one last time in Australia
For a while on Day 2 of the Sydney Test, it felt like the clock had stopped.
Perfect storm in Sydney raises India's hopes
Right until Rishabh Pant walked out to bat on Saturday, wickets had been the order of the day in the Sydney Test.
6 Killed in Blast in Volatile Pak Province, More Than 25 Injured
Thousands of rival South Korean protesters rallied in the capital on Saturday, a day after a failed attempt to arrest suspended President Yoon Suk-yeol for imposing a short-lived martial law decree that led to his impeachment.
U.S. Announces $8BN Weapons Sale to Israel
The administration of US President Joe Biden has notified Congress of an $8 billion arms sale to Israel, a source familiar with the plan said on Saturday.
President-elect Trump to be sentenced on Jan 10
The New York judge presiding over President-elect Donald Trump's hush money case on Friday set sentencing for 10 days before his January 20 inauguration and said he was not inclined to impose jail time.
Johnson Re-elected House Speaker in Tense Floor Vote
Prez-elect Donald Trump had endorsed Mike Johnson, and was on the phone during the House vote to secure the outcome
