Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»Rupee slips to record low pressured by dollar bids from foreign banks, importers
Finance

Rupee slips to record low pressured by dollar bids from foreign banks, importers

November 19, 2024No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Rupee slips to record low pressured by dollar bids from foreign banks, importers
Share
Facebook Twitter LinkedIn Pinterest Email

MUMBAI (Reuters) – The Indian rupee slipped to its all-time low on Tuesday pressured by greenback demand from overseas banks and importers, together with native oil firms, merchants stated.

The rupee hit a low of 84.4150, eclipsing its earlier file low of 84.4125 hit final week. The foreign money was final quoted at 84.4075 as of 1:35 p.m. IST.

Seemingly intervention by the Reserve Financial institution of India helped the foreign money keep away from additional losses with state-run banks noticed intermittently providing {dollars}, merchants stated.

The greenback index was a tad greater at 106.3 whereas Asian currencies trimmed early features to commerce combined. The offshore Chinese language yuan was down 0.2% whereas the Malaysian ringgit rose almost 0.3%.

State-run banks are providing {dollars} in a “hovering form of manner,” so sharp declines stay unlikely, a dealer at a big non-public financial institution stated.

(Reporting by Jaspreet Kalra; Enhancing by Eileen Soreng)

Source link

Banks bids dollar foreign importers pressured Record Rupee slips
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

How All-Time Highs Impact Short-Term Stock Performance

May 29, 2025

China’s EV price war is heating up. What’s behind the big discounts?

May 29, 2025

What is Virat Kohli’s Playoffs batting record ahead of PBKS vs RCB IPL 2025 Qualifier 1 match? | Ipl News

May 29, 2025

GM to invest $888 million for engine production at New York facility

May 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter

May 29, 2025

Nicola Peltz Slaps Husband Brooklyn With Beckham Feud Ultimatum

May 29, 2025

Counterfeit notes of Rs 500 denomination surge by 37.3% in 2024-25 | Business News

May 29, 2025

Pixel 9 AI Photo Editing Tools Rolling Out to Google Photos on Android

May 29, 2025
Popular Post

Minnesota coach Cheryl Reeve says series ‘stolen’ after poor officiating in WNBA Finals loss to Liberty

AEW star wins the internet by donating $2K to save viral Ugandan wrestling promotion

Thomas Kingston and Lady Gabriella Windsor Were ‘Happy and Chatty’ at Event

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.