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.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Getting to Do Spy Stuff is Fun
Keira Knightley speaks to Sally James on playing a secret agent in her latest spy thriller, Black Doves
A Guilty, Albeit Predictable, Pleasure
In sequels to 'happily ever after' romantic films, the narrative often tests the strength of the lead couple's bond by introducing obstacles—be it physical distance or a potential rival sparking jealousy.
A Story of Uneasy Love
The fast-paced love story between a Muslim girl and a Hindu boy explores the tension between tradition and modernity
Making 2025 Your Best Year
Eleven infallible strategies to transform New Year resolutions into habits
Sax and the City
The best hop, skip and jump spots for aficionados of jazz in its birthplace where the music never stops and feet never stop tapping
Making Her Blush Permanently
A latest beauty trend everyone is buzzing about has a tattoo element
Memorial for Manmohan is a Requiem for a Lost Dream
Dead people never really die. They are kept alive through man's endless need for ritual, both in the private and public realm.
It Maybe the Best of Times, but It is Surely the Worst of Times
Manmohan Singh, former PM and finance minister who launched India's 1991 economic reforms, died last week.
The Winning Edge
Entrepreneur Stuti Jalan is taking the story of Indian women to the global stage
Policy Reforms Might Favour Indian Professionals and Businesses
With the introduction of reforms to the H-1B visa program, tech professionals in India hope it will benefit them in the long run.
