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₹hits fresh closing low of 83.29 as $ index rises
Business Standard
|November 02, 2023
Geopolitical tensions in West Asia, rising crude prices led to foreign outflows
The rupee hit a fresh closing low of 83.29 against the US dollar on Wednesday due to the rise in dollar index. This comes ahead of the US Federal Reserve outcome scheduled after market hours, dealers said. Additionally, geopolitical tensions in West Asia and rising crude oil prices led to foreign outflows which further weighed on the local currency.
The previous all-time closing low for the rupee was 83.28 on October 16. The Indian currency settled at 83.26 per cent on Tuesday. The dollar index, which measures the strength of the greenback against a basket of six major currencies, rose to 106.87 on Wednesday against 106.02 on Tuesday.
यह कहानी Business Standard के November 02, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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