A strong greenback against major rivals overseas and unabated foreign fund outflows dented market sentiment, forex traders said. Market participants also expect the US Fed to announce a rate cut in a meeting scheduled later this week, with further easing by up to 100 basis points projected for 2025.At the interbank foreign exchange, the rupee opened at 84.23 against the US dollar. During the session, the local currency oscillated between a high of 84.15 and a low of 84.31. It finally settled at 84.31, a loss of 22 paise against its previous close. On Tuesday, the rupee settled 2 paise higher at 84.09 against the US dollar.Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 1.34 per cent higher at 104.80. The index rose after Trump was poised to become the next US President. Brent crude, the global oil benchmark, fell 1.43 per cent to USD 74.45 per barrel in futures trade. Foreign institutional investors (FIIs) were net sellers in the capital markets on Wednesday, as they offloaded shares worth Rs 4,445.59 crore, according to exchange data. Meanwhile, India's services PMI recovered from its ten-month low in September to reach 58.5 in October supported by strong expansions in output and new business.

Rupee falls 22P to hit all-time low of 84.31 against US dollar

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.