For Quick Alerts
For Daily Alerts

Rupee Plunges To 69.17 After Fed Cuts Interest Rate


Rupee opens on a weaker note and dragged to 69.17 at the opening after closing at 68.79 per US dollar in yesterday's trade.

The US Federal Reserve has cut rates by a quarter points and that amounts to a "mid-term policy adjustment." And amid it, dollar climbed to a 2-month high and crude oil tumbled.

Rupee Plunges To 69.17 After Fed Cuts Interest Rate

Also, in the domestic markets, bond yields have been falling as FPIs have been shifting from equities to debt.

Meanwhile, tracking Asian markets, Indian benchmark indices are set to open lower which saw the worst July in 17 years on abated FPI selling.

Story first published: Thursday, August 1, 2019, 9:02 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more