Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
Rupee hits new low of 84.96 on merchant dollar bids
Mint Mumbai
|December 19, 2024
The Indian rupee hit its all-time low on Wednesday, pressured by strong dollar demand from importers and likely outflows from local equities, while intervention by the Reserve Bank of India curbed losses, traders said.
-
The rupee fell to 84.9550 against the dollar before closing at 84.9525, down 0.07%.
Weakness in regional currencies ahead of the Federal Reserve's policy decision due in US trading hours also hurt the rupee alongside speculative dollar bids amid a lingering bearish bias on the local unit.
Denne historien er fra December 19, 2024-utgaven av Mint Mumbai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
Boeing starts working on 737 MAX replacement
Boeing is planning a new single-aisle airplane that would succeed the 737 MAX, according to people familiar with the matter, a long-term bid to recover business lost to rival Airbus during its series of safety and quality problems.
4 mins
October 01, 2025
Mint Mumbai
Lloyds’s new ₹25,000 cr steel bet stares at triple challenges
Primary steel unit will have to deal with demand uncertainty, higher costs and Maoist threat
2 mins
October 01, 2025
Mint Mumbai
April-August fiscal gap rises to ₹5.98 tn
India's fiscal deficit rose in the first five months of 2025-26, as compared with the same period last year, due to higher government capital expenditure while net tax revenue declined.
2 mins
October 01, 2025
Mint Mumbai
How Indians get a passport to global markets via GIFT
Global access GIFT City outbound funds offer international exposure
2 mins
October 01, 2025
Mint Mumbai
Move goods efficiently for a stronger economy
Inland freight movers have long over-relied on India's road networks but increased railway haulage offers an opportunity to lower costs, gain efficiency and contain carbon emissions
2 mins
October 01, 2025
Mint Mumbai
Namma Yatri shifts gears: Cabs power revenue growth engine
Bengaluru-based mobility startup Namma Yatri, which launched on-demand auto-rickshaw services three years ago, now generates a significant share of its revenue from cabs as it expands into Bhubaneswar, Chennai and Kolkata.
1 mins
October 01, 2025
Mint Mumbai
Trump tariffs: What the echoes of Smoot-Hawley tell us
India's bilateral trade with the US reached $132 billion in 2024-25. In just five months of 2025-26, India notched up about half of last year's number. That momentum now faces disruption: Washington currently has a 50% extra tariff on imports of Indian goods after the rate was doubled in late August. The question is not only whether this will benefit the US economy, but also how it will reshape India's trade strategies and the global system.
3 mins
October 01, 2025
Mint Mumbai
Satellite firms seek separate permit in draft telecom rules
The draft policy has grouped all telecom services in four categories, ignoring unique needs of satellite internet providers
2 mins
October 01, 2025
Mint Mumbai
EFTA gets rolling
Amid all the worry, there's some positive news for India on the trade front.
1 min
October 01, 2025
Mint Mumbai
Canara HSBC Life begins roadshows
Canara HSBC Life Insurance Co. has kicked off investor roadshows ahead of its initial public offering (IPO) planned for the first half of October, according to people familiar with the matter.
1 min
October 01, 2025
Listen
Translate
Change font size