The rupee closed at 85.6150 against the US dollar, down nearly 0.1% on the last trading day of the current year. The unit dropped 2.8% in 2024 to post a seventh consecutive annual decline.Asian currencies were mostly weaker with the offshore Chinese yuan down 0.6% at 7.35, its weakest level in over a year, after data showed that China's factory activity barely grew in December.The dollar index dipped 0.1% to 107.9 while US bond yields were trading a tad lower in Asia.For the session, the rupee remained under pressure amid dollar bids from foreign and state-run banks, traders said.A hawkish shift in the United States' Federal Reserve's policy outlook combined with expectations over incoming US President Donald Trump's policies has boosted the dollar and US yields. REUTERS

Rupee declines to record closing low

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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.