The rupee, which has been on a steady decline since September 24, when the Fed cut rates for the first time, closed at 85.08/$ (down 0.18%) as the dollar index, which measures the dollar against the basket of six major currencies, hit a 2-year high of 108.07.
Many other Asian currencies fared worse, with the Chinese renminbi falling 0.16% while the Indonesian rupiah and Japanese yen declined 1.23% and 1.25%, respectively.
Denne historien er fra December 20, 2024-utgaven av Financial Express Kochi.
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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Denne historien er fra December 20, 2024-utgaven av Financial Express Kochi.
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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EU escalates pressure on Apple to open up features to rival firms
CHANGING DYNAMICS OF WEARABLES INDUSTRY
Bollywood's investments in startups decrease sharply to $3.6 mn in 2024
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Apple concedes smartwatch market leadership to Huawei
CHANGING DYNAMICS OF WEARABLES INDUSTRY
EU escalates pressure on Apple to open up features to rival firms
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India-Pak ICC matches at neutral venues
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HDFC Securities sees Nifty rising up to 26,482 in a 'difficult' 2025
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India's job market poised for 9% growth next year
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MPs of ruling alliance, Oppn clash, 2 from BJP in hospital
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Breaking the glass ceiling
SNAPSHOT
Fed's 2025 signal roils D-Street
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