The rupee depreciated to a fresh low of 84.38 per dollar on Thursday as foreign investors continued to sell domestic equities and crude oil prices rose.
The caution ahead of the US Federal Reserve meeting outcome further weighed on the Indian unit.
Market participants said that with strengthening dollar and rise in US yields after the US presidential election results, the Reserve Bank of India (RBI) has been allowing gradual depreciation of the rupee in line with its Asian peers.
The local currency had touched a new low of 84.28 per dollar on Wednesday after Republican candidate Donald Trump won the 47th United States (US) presidential election decisively, defying expectations and securing a greater number of votes than Kamala Harris.
Denne historien er fra November 08, 2024-utgaven av Business Standard.
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Denne historien er fra November 08, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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IndiGo stock takes off on rating upgrade
Elara Capital gives 'buy' rating after IndiGo's highest-ever traffic in November
Wait for NAV, price on exchange to converge before investing
Indian investors seeking to diversify their portfolios through overseas exchange-traded funds (ETFs) are paying a premium.
Multiple triggers for Vedanta stock
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Markets settle flat in muted trade
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MP High Court stays Burmans' Religare open offer
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Derivatives volume drops 37%
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Indian crypto investors ride Bitcoin, altcoin wave
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28% OF LS SEATS HAD NO WOMAN CANDIDATE IN 2024
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