Top Stories
L&T Partners with PS Technology to Revolutionise Railways
6 mins read. August 2, 2024 at 12:45 PM
Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr
4 mins read. August 2, 2024 at 12:41 PM
Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr
4 mins read. August 2, 2024 at 12:36 PM
Rupee declines against US dollar
The Indian rupee declined against the US dollar on Tuesday due to a rise in crude oil prices and forex outflows. Besides, early gains in domestic equity markets and a weak dollar against world currencies, however, restricted the rupee’s losses.
The currency opened lower at 81.48 to a dollar against the last close of 81.42. It moved in a range of 81.48 to 81.68 in morning deals. At the interbank foreign exchange, the rupee was trading at 81.68/$.
Meanwhile, the US dollar index, which shows the strength of the greenback against six world currencies, was down 0.17 per cent at 101.96. The yen strengthened another 0.6% to 129.81 as speculation on a tighter BoJ policy built. Kuroda is due to step down from his position in March, and most analysts expect the new Governor to take a different approach.
In Europe, the pound also rose after new data showed a surge in government borrowing in December, reflecting the rising cost of keeping energy bills for households and businesses capped.
The pound was up 0.3% to $1.2406 as traders bet on the Bank of England having to keep up its current pace of interest rate hikes in order to bring inflation down.
Related News
SEBI Launches Version Beta of Settlement Calculator
2 mins read. June 3, 2024 at 05:53 AM

NSE Arm NSE Indices Launches India’s First EV Index
3 mins read. May 31, 2024 at 01:14 PM

RBI Bars Edelweiss ARC from Acquiring Financial Asset
2 mins read. May 31, 2024 at 09:33 AM

RBI Launches G-Secs App, PRAVAAH Portal, FinTech Repository
3 mins read. May 31, 2024 at 04:52 AM
Download app
Access BlinkX
everywhere
across device
