The rise in crude oil prices further weighed on the domestic currency.
The local currency had settled at 85.02 per dollar following a choppy trade on Friday after touching ₹85.11 per dollar before regaining lost ground against the greenback on the back of FTSE (Financial Times Stock Exchange) rebalancing inflow. In this calendar year (CY24), the rupee has depreciated by 2.24 per cent. In December so far, it witnessed 0.73 per cent depreciation.
This story is from the December 24, 2024 edition of Business Standard.
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This story is from the December 24, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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