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Rupee Slumps 14 Paise on Rise in Crude Oil Prices, Strong Dollar
Financial Express Delhi
|January 09, 2025
The rupee fell 14 paise, or 0.2%, to an all-time closing low of 85.86 on Wednesday as the dollar further strengthened on account of positive economic data from the US, said forex traders.
The rupee fell 14 paise, or 0.2%, to an all-time closing low of 85.86 on Wednesday as the dollar further strengthened on account of positive economic data from the US, said forex traders. Besides, the rise in crude oil prices and selling by foreign investors in the domestic equities market weighed on the currency. Intra-day, the rupee touched 85.87 against a dollar.
This story is from the January 09, 2025 edition of Financial Express Delhi.
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