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Category :
industry
Headline :
Rupee falls 6 paise to close at all-time low of 83.64 against US dollar
Date:
18/07/2024 16:36
Rupee depreciated 6 paise and settled at its all-time low of 83.64 (provisional) against the US dollar on Thursday, as the strength of the American currency in the overseas market and overnight surge in crude oil prices weighed on investor sentiments.
Forex traders expect the rupee to trade with a slight negative bias on strong US dollar and weak Asian as well as European currencies. The US dollar strengthened, while the pound weakened amid disappointing labour market data from the UK.
However, positive domestic markets and foreign fund inflows cushioned the downside in the domestic unit to a certain extent.
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