The rupee extended its slide for the second straight session and declined 17 paise to hit a fresh record low of 85.91 against the US dollar on Wednesday amid higher crude oil prices and stronger American currency. Lacklustre sentiment in domestic equity markets and sustained outflow of foreign funds also played spoilsport even as investors stayed cautious over lower economic growth projection by the government, forex analysts said.
At the interbank foreign exchange, the rupee opened at 85.82 and lost further ground to finally settle at 85.91 against the dollar, 17 paise lower than its previous close.
On Tuesday, the rupee settled with a loss of 6 paise at 85.74 against the dollar.
Denne historien er fra January 09, 2025-utgaven av Mint New Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 09, 2025-utgaven av Mint New Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Portfolio chaos: A teacher's quest from clutter to clarity
How Singh turned around his finances to secure his future with low-cost professional advice
Maruti Suzuki to up prices of models
Maruti Suzuki India Ltd (MSIL) on Thursday said it will hike prices by up to ₹32,500 across various models to partially offset the rise in input costs.
Etonhurst to raise ₹500 cr real estate fund
Etonhurst Capital Partners is set to raise its first real estate fund, targeting residential redevelopment projects in Mumbai, according to a senior executive.
American employees have lost their labour market leverage
Their pandemic gains are over as the power balance tilts away
There's a Need to Reimagine MGNREGA for a Modern Economy
The two decades since the passage of the act have seen tremendous changes
CCI ban on WhatsApp data-sharing on hold
No relief on ₹213 crore fine; experts say order undermines CCI's authority
India will clock fastest growth rate: Andhra CM Naidu at Davos
Andhra Pradesh chief minister N. Chandrababu Naidu has said that India's golden era has started and the country will clock the fastest growth rate.
Companies Go For Corporate NPS As Traditional Plans Fade
Provident fund and gratuity seen as inadequate, while superannuation funds aren't portable
HUL needs a magic wand for recovery after subdued Q3
Not fast-moving
JSW Defence, Telangana ink MoU
JSW Defence has signed an agreement with the Telangana government to set up a facility in the state for manufacturing unmanned aerial systems.
