Rupee falls to record low as dollar bids spike
Mint Chennai
|December 28, 2024
The rupee fell to an all-time low on Friday, as maturing non-deliverable forwards and currency futures boosted dollar demand, while the sharp fall led to panic dollar buying by importers.
The rupee weakened to an all-time low of 85.8075 against the US dollar, before intervention by the Reserve Bank of India helped it trim steep losses, according to traders.
This story is from the December 28, 2024 edition of Mint Chennai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Chennai
Mint Chennai
Grok kicks off safe harbour protection debate
morph photographs of people into sexually explicit content, Grok’s public usage policy allows for such content generation as long as it is strictly based on user prompts—and not hallucinated by the platform itself.
1 mins
January 03, 2026
Mint Chennai
Arya.ag gets ₹725 cr from GEF; eyes IPO in 20 months
Indian grain commerce platform Arya.ag has raised ₹725 crore through an equity funding round led by clean tech investor GEF Capital Partners.
1 min
January 03, 2026
Mint Chennai
2026 will see a quiet correction in golf
Shorter courses are earning renewed respect. There will be less obsession with speed, more respect for trajectory
4 mins
January 03, 2026
Mint Chennai
Russia oil discount doubles for Indian refiners since Oct
Russian crude suppliers are now offering Indian refiners a higher discount of up to $8 a barrel, doubling since October after sanctions were announced on Rosneft and Lukoil, according to three people aware of the development.
1 min
January 03, 2026
Mint Chennai
Tata, Motherson, Foxconn anchor mobile parts push
To invest more than half of ₹41,863 cr committed under components scheme
2 mins
January 03, 2026
Mint Chennai
LEG PIECE
Suri went away, borrowing Mukund Mama's money and leg, leaving his devoted wife in the care of her parents, until he returned to repay his debt. But life had other plans
9 mins
January 03, 2026
Mint Chennai
Big questions and hard truths at Mumbai Gallery Weekend 2026
In its 14th year, the annual Mumbai Gallery Weekend finally steps out of South Mumbai and discovers new spaces
6 mins
January 03, 2026
Mint Chennai
Banks craving for deposits, end up giving more loans
FROM PAGE 16
1 mins
January 03, 2026
Mint Chennai
Dec manufacturing growth falls on slower output, sales
PMI falls to 55, but stays above long-term trend; export orders growth slowest in 14 months
3 mins
January 03, 2026
Mint Chennai
MARUTI
Chest exposed, gold chain nestling among manly hairs, at the neighbours—until he met his match in Nani
8 mins
January 03, 2026
Listen
Translate
Change font size