The rupee today slid below the 53 mark, as demand for dollar from oil importers weighed on the currency. The rupee was trading at 53.09 to the dollar, a drop of 28 paise over Friday''s close.
Weak sentiments in the equity markets also saw some buying in the dollar. However, bulk of the dollar demand has come in from from oil importers.
In the last one week, the rupee has lost some of its momentum following the government's reform measures initiated. The government had cleared FDI in multi-brand retail and also introduced FDI in the pension sector, apart from increasing the FDI cap in insurance.
This saw a smart rally in the rupee as also the Indian markets. Going forward the government would have to take the reforms process ahead to ensure that the rupee does not depreciate.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google