The trend of the rupee creating fresh historic lows continued with the Indian currency breaching the 61 mark to the dollar in trade today. The rupee was last trading at 61.16 to the dollar dollar, a fall of 93 paise over Friday's close.
Weak equities and sustained dollar demand from crude importers kept the rupee under pressure today. Talks of large scale dollar remittance from the recent stake of Unilever Brothers in HUL failed to have a significant impact on the rupee.
Dealers say that today's drop of 1 per cent was swift with the rupee opening at lower levels. They see the rupee breaching the 61 mark, unless there is large scale intervention by the Reserve Bank of India. Today's sharp drop could now raise alarm bells in the government as a falling rupee would push inflation and tie the RBI's hands for effecting further rate cuts.
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