Due to a persistent outflow of foreign funds and a rise in demand for US currency from banks and importers, the rupee fell 15 paise to settle at 83.34 against the US dollar on Wednesday.
Forex traders claim that despite a strong buying trend in the domestic equity market, investors’ concerns about volatile crude oil prices and their fear of a disruption in global trade through the Red Sea route prevented them from feeling more upbeat.
The local currency opened at 83.21 at the interbank foreign exchange and fluctuated intraday against the dollar between a peak of 83.20 and a low of 83.35. At last, the local currency closed at 83.34 against the US dollar, down 15 paise from its previous close.
Rahul Gandhi's opinion piece appeared in a national daily and sparked political uproar. Opposition parties…
In 2022–23, poverty under the revised $3.00 line stood at just 5.25 per cent in…
Five Maoists were killed in two separate encounters with security forces in Chhattisgarh’s Bijapur district,…
Canadian Prime Minister Mark Carney said the most populous country, with the fifth-largest economy, must…
The Reserve Bank of India (RBI) has frontloaded its rate cuts to support economic growth,…
PM Narendra Modi on Saturday called for urgent global action to build infrastructure that can…