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Re falls below 84 on outflow, recession fears
The New Indian Express
|August 06, 2024
RBI intervention propped up the currency, helping it close at 83.84 to the greenback, which is still the worst close
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THE Dalal Street mayhem, triggered by the 12.4% fall in the Japanese markets earlier in the day, followed by the Sensex and the Nifty tanking close to 3% on Monday, brought down the rupee 84 marks intra-day.
Massive intervention by the central bank might have salvaged the day for the currency, helping it close at 83.84 to the US greenback, which still is the worst close for the rupee, losing 9 paise from the previous close.
This story is from the August 06, 2024 edition of The New Indian Express.
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