Rupee closes at record low hurt by weak yuan, rise in US bond yields
Hindustan Times West UP|December 17, 2024
MUMBAI: The Indian rupee declined to its weakest closing level on record on Monday, hurt by a rise in US bond yields, weakness in the Chinese yuan, and data which showed that India's merchandise trade deficit widened to a record high in November.
Reuters
Rupee closes at record low hurt by weak yuan, rise in US bond yields

The rupee closed at 84.8625 against the US dollar, down nearly 0.1% on the day.

At the interbank foreign exchange, the rupee opened at 84.83 and touched 84.89 against the greenback during intraday trade.

On Friday, the rupee rebounded from its all-time low level and settled with a gain of 8 paise at 84.80 against the US dollar. The unit's previous all-time low level was recorded on December 12 when it closed at 84.88 against the dollar.

This story is from the December 17, 2024 edition of Hindustan Times West UP.

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 December 17, 2024 edition of Hindustan Times West UP.

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

MORE STORIES FROM HINDUSTAN TIMES WEST UPView All
Hindustan Times West UP

15-YEAR-OLD GIRL KILLED 2 PEOPLE IN U.S. SCHOOL SHOOTING: POLICE

A 15-year-old female student was identified by police as the assailant who opened fire, on Monday, at a school in the US state of Wisconsin, where a fellow student and teacher were killed and the suspected shooter was found dead.

time-read
1 min  |
December 18, 2024
Hindustan Times West UP

OpenAI expands ChatGPT-powered search to all users, challenges Google's dominance

IT ENABLES THE A.I. CHATBOT TO PROVIDE REAL-TIME INFORMATION

time-read
1 min  |
December 18, 2024
Hindustan Times West UP

JUDGE DENIES TRUMP'S BID TO THROW OUT HUSH MONEY CASE

A judge, on Monday, ruled that Donald Trump's conviction for falsifying records to cover up a sex scandal should stand, rejecting the US president-elect's argument that a Supreme Court ruling nullified the verdict, a court filing showed.

time-read
1 min  |
December 18, 2024
Hindustan Times West UP

Russian Gen killed by bomb in Moscow, Ukraine claims blast

Kirillov's assistant also died in the bombing, which was triggered remotely, according to Russian news reports

time-read
2 mins  |
December 18, 2024
Hindustan Times West UP

Ruling party MPs seek Trudeau's resignation

Hours after the shock resignation of his second-in-command, Canadian Prime Minister Justin Trudeau was barely clinging on to power even as over a third of the ruling Liberal Party's MPs called for a change in leadership.

time-read
1 min  |
December 18, 2024
Hindustan Times West UP

Search for missing trekker uncovers 2 skeletons near fort in Maharashtra

THANE: A search for a missing trekker last week at Harishchandra Fort, 180 km from Mumbai, took a grim turn when rescuers discovered two skeletons, one of which was identified as the missing person's, in the densely forested valley.

time-read
3 mins  |
December 18, 2024
Hindustan Times West UP

The disenchantment with the secular ideal

The secular ethos envisaged in the Constitution should be the foundation for governing India

time-read
3 mins  |
December 18, 2024
Hindustan Times West UP

Pragmatism undergirds New Delhi's China policy

The outcome of two recent meetings, one between external affairs minister S Jaishankar and his Chinese counterpart Wang Yi and the other between defence minister Rajnath Singh and Chinese defence minister Dong Jun, indicate that the reset of India-China relations is proceeding apace.

time-read
3 mins  |
December 18, 2024
Hindustan Times West UP

Ministerial blues haunt Mahayuti

Dissension within the Mahayuti is out in the open after chief minister (CM) Devendra Fadnavis expanded his team of ministers on Sunday.

time-read
1 min  |
December 18, 2024
Hindustan Times West UP

When Colombo comes calling

President Dissanayake's visit should allay fears of a Sri Lankan pivot towards China

time-read
2 mins  |
December 18, 2024