For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Rupee Hits 2019 Low

|

The Indian rupee today fell to its lowest level in 2019, as sentiments took a turn for the worse. The rupee fell to 72.30 against the US dollar, as poor GDP numbers, left investors worried that Foreign Portfolio Investors may head for the exit.

Rupee Hits 2019 Low
 

Bonds on the other hand rallied, on worries that the low GDP numbers, which came in at 5 per cent may push the RBI to cut interest rates steeply.

GDP numbers which were out on late Friday, came in at the lowest level in 6 years. Stocks too dropped in line with the GDP numbers and the rupee.

The Sensex was last seen trading lower by 600 points, led by losses in heavyweight HDFC.

GoodReturns.in

Read more about: rupee us dollar fpi
Story first published: Tuesday, September 3, 2019, 14:44 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
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