Rupee closes 3 paise lower at 85.57 amid weak equities

Posted

146

The Indian rupee weakened slightly to 85.57 against the US dollar due to negative equity market sentiment, rising crude oil prices, and a widening trade deficit, despite strong foreign capital inflows. India's trade deficit widened to a five-month high in April, with imports surging. However, foreign exchange reserves rose, driven by a jump in gold assets.

Read Full Article

Please log in to like, share and comment!

Business

Tesla enters India! Elon Musk-led EV maker to open first showroom in Mumbai today; here’s how much the cars will cost

Tesla is officially entering the Indian market, launching its first showroom in Mumbai's Maker...

By 0 1

Business

Tesla enters India! Elon Musk-led EV maker to open first showroom in Mumbai today; here’s how much the cars will cost

Tesla is officially entering the Indian market, launching its first showroom in Mumbai's Maker...

By 0 2

International

'Major victory for students and parents': Trump's education department dismantling plans get SC nod: 1,400 to lose jobs

The US Supreme Court has cleared the path for President Trump's plan to dismantle the federal...

By 0 2

International

Watch: Subway lines submerged as heavy rain batters New York City; flash flood warnings issued

Heavy rainfall triggered flash floods across the northeastern United States, bringing New York...

By 0 2

Business

Tesla enters India! Elon Musk-led EV maker to open first showroom in Mumbai today; here’s how much the cars will cost

Tesla is officially entering the Indian market, launching its first showroom in Mumbai's Maker...

By 0 3