Rupee drifts down to a new record low
时间:2024-06-26 07:51:38 阅读(143)
The rupee on Wednesday drifted down to another record low as it closed at 78.9662 to the dollar, pressured by a strong American currency, continuing portfolio outflows and elevated prices of crude oil. The Indian currency, which slipped to 78.9837 in intra-day trades, has lost more than 6% since January.
The dollar index, which measures the greenback’s strength against a basket of six currencies, was ruling at 104.82 on Wednesday; since the start of 2022, it has gained around 10%. Dealers said the Reserve Bank of India (RBI) had intervened in the market on Wednesday.
The strengthening dollar has seen several currencies, including the Japanese yen and the Chinese renminbi losing value. Foreign portfolio investors continue to sell Indian stocks; they have taken home close to $6.4 billion in June alone, having been sellers in every month since October, 2021 and offloading stocks worth$33.37 billion.
猜你喜欢
- The yellow metal to shine ahead of March Fed meeting
- The men who will shape 2024
- Sebi floats consultation paper to improve safeguards within Account Aggregator framework
- Tinder unveils brand film ‘You Up’
- Tech industry veteran C
- Tiruchirappalli International Airport update- PM Modi unveils Rs 1,100 crore state-of-the-art terminal building – Check photos here
- SEA pitches for zero import duty on soyabean, sunflower oils till Sep instead of TRQ system
- SEBI imposes penalty on CB Management Services for non-compliance
- Sebi proposes to cut down IPO listing timeline to 3 days from 6 days