Rupee breaches 84.5 mark on foreign fund outflows
The Morning Standard
|November 22, 2024
THE rupee, under pressure for nearly two months now, tumbled new lows, breaching the 84.50-mark on Thursday as foreign funds continued to dump domestic equities on the one hand and the dollar kept pace with its northward-ho.
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The rupee closed the trade at 84.501 on a day as the equity market was wracked by fall in Adani group stocks after a US court criminally indicted the group's chairman Gautam Adani and six other key officials for alleged bribery and other legal breaches in raising funds and securing solar power project contracts. The rupee had closed at 84.4137 on the previous day's trade on Tuesday. The rupee was dragged by selling in equities by foreign portfolio investors and a strong dollar index, tr
यह कहानी The Morning Standard के November 22, 2024 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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