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₹ falls to new low on FPI selloff, rise in crude oil prices
Business Standard
|November 05, 2024
The rupee fell to a new low of 84.12 a dollar on Monday as foreign investors sold domestic equities, offsetting the strength in Asian peers, said dealers.
Market participants said the Reserve Bank of India (RBI) intervened in the foreign exchange market via dollar sales to protect the rupee from further depreciation.
The local currency had settled at 84.09 on Thursday after hitting an intra-day low of 84.12.
The rise in crude oil prices further weighed on the rupee.
Cette histoire est tirée de l'édition November 05, 2024 de Business Standard.
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