Re closes at another record low
Financial Express Mumbai|January 03, 2025
The rupee closed at its weakest closing level on record for the eighth consecutive session on Thursday, as a widened arbitrage between the non-deliverable and outright forwards market added to the currency's troubles.
JASPREET KALRA

The domestic currency closed at 85.7525 against the dollar, down 0.1% on the day.

While the rupee hit a low of 85.79 during the session, it avoided deeper losses on the back of likely dollar-selling intervention by the Reserve Bank of India, traders said.

This story is from the January 03, 2025 edition of Financial Express Mumbai.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the January 03, 2025 edition of Financial Express Mumbai.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS MUMBAIView All
Financial Express Mumbai

Top IITs see a drop in campus placements

More students likely getting jobs independently

time-read
2 mins  |
January 07, 2025
Financial Express Mumbai

ICC explores two-tier Test cricket system

ICC chief Jay Shah will meet Cricket Australia chair Mike Baird and his England counterpart Richard Thompson to discuss the finer points

time-read
1 min  |
January 07, 2025
US set to lift curbs on Indian nuclear entities
Financial Express Mumbai

US set to lift curbs on Indian nuclear entities

Eyeing Deeper Energy Ties

time-read
1 min  |
January 07, 2025
Eight jawans among 9 killed in Naxal attack
Financial Express Mumbai

Eight jawans among 9 killed in Naxal attack

VEHICLE BLAST IN CHHATTISGARH

time-read
1 min  |
January 07, 2025
Cautious outlook for auto companies in Q3
Financial Express Mumbai

Cautious outlook for auto companies in Q3

No segment shows growth except tractors

time-read
1 min  |
January 07, 2025
Financial Express Mumbai

SBI Cards: Credit costs to improve

Management strengthens risk assessment measures

time-read
2 mins  |
January 07, 2025
Financial Express Mumbai

Banks: Slower loan growth a worry

Asset quality concerns ease

time-read
2 mins  |
January 07, 2025
In search of a growth driver
Financial Express Mumbai

In search of a growth driver

DIFFICULT TO IDENTIFY A SECTOR THAT HAS POTENTIAL TO LIFT ECONOMY TO A HIGHER TRAJECTORY

time-read
4 mins  |
January 07, 2025
Tesla and Waymo should learn from '24 air crashes
Financial Express Mumbai

Tesla and Waymo should learn from '24 air crashes

If you yearn for a future where you can travel from place to place in safety and comfort, some of the major transport events of 2024 might feel like a setback.

time-read
2 mins  |
January 07, 2025
Financial Express Mumbai

Judicial Overreach Unwarranted

High court order staying Religare Enterprises AGM risks undermining shareholder rights, regulatory authority, and market confidence

time-read
3 mins  |
January 07, 2025