THE RUPEE ENDED at another all-time low on Monday due to weakness in the Chinese yuan and strong dollar bids from importers, likely related to month-end payments, said forex traders. However, dollar sales by the state-owned banks on behalf of the Reserve Bank of India (RBI) capped the decline.
The rupee ended at 85.12 against the dollar, compared with its Friday close at 85.10. The offshore Chinese yuan declined to 7.30, down 0.2%.
Denne historien er fra December 24, 2024-utgaven av Financial Express Lucknow.
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Denne historien er fra December 24, 2024-utgaven av Financial Express Lucknow.
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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South steals the spotlight
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Smart Cities Mission: School enrolment up 22%
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Does India want BGT win or Rohit back in form?
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Oil rises 1%, heads for weekly gain
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IIFL Home Finance expects 15% AUM growth in FY25
● Looking at stock market listing, but no timeline yet
Jewellery units lose sheen on weak Rupee
THE DEMAND IN east Asia, however, has been tepid.
Squid Game stocks tank
A LESS-THAN-PERFECT
Russia warns Trump against resumption of nuclear testing
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