Rupee

Why the Rupee Dropped Below 84 for the First Time in History

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Why the Rupee Dropped Below 84 for the First Time in History

On October 11, the Indian rupee broke the 84 mark against the US dollar for the first time in history, falling 12 paise to a record low of 84.0975 per dollar, owing to persistent outflows of foreign investment from Indian equities and rising crude oil prices amid global uncertainty. The previous session saw the rupee … Read more

Rupee gains 18 paise to 82.17 per US Dollar as crude prices ease

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Rupee gains 18 paise to 82.17 per US Dollar as crude prices ease

Mumbai: The rupee rose 18 paise to 82.17 against the US dollar in early trade on Tuesday on easing crude oil prices. Forex traders said sustained foreign fund outflows and a weak trend in domestic equities weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at … Read more