According to analysts, increased demand for the dollar due to month-end payment obligations and the fear of an aggressive import tariff by the Donald Trump administration in the US strengthened the greenback.
Besides, surging crude oil prices pushed the rupee down further, they added.
This story is from the December 25, 2024 edition of Mint Chennai.
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This story is from the December 25, 2024 edition of Mint Chennai.
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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