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INR down at 84.07, analysts say nothing to worry about fall in domestic currency
The New Indian Express
|October 15, 2024
RUPEE continued to plumb more depths closing the day in the red again falling to 84.0725 against the dollar, losing 0.8 paise from the previous close of Friday. But analysts see no worries about the fall saying crossing 84 level is not alarming.
The rupee had for the first time crossed 84 level last Friday, closing at 84.06 after hitting 84.11 as foreign investors continued to sell equity and debt and globally the greenback has been gaining. Foreign investors have offloaded $8 billion over last 10 sessions, mostly in stocks and about $125 million in bond
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