Rupees gains 17 paise to 85.40 against US dollar on lower oil...

Dununu.com Dununu

Sponsor

Rupees gains 17 paise to 85.40 against US dollar on lower oil prices following Moody’s US rating downgrade

RSS Feed Business

Posted

94

The Indian rupee strengthened to 85.40 against the US dollar, fueled by a weaker dollar index and lower crude oil prices. Moody's downgrade of the US credit rating further pressured the dollar. Despite positive FII inflows and rising forex reserves, weak domestic equities capped the rupee's gains as traders remained cautious of trade deficit pressures.

Read Full Article

Vă rugăm să vă autentificați pentru a vă dori, partaja și comenta!

'America First' agenda: US state department to axe 1,300 employees; Trump admin pushes deep cuts

The US state department is set to lay off over 1,300 employees as part of a reorganization plan...

By 0 0

You may lose your job anytime: Viral Reddit post says H-1B visa holders should not buy a house in US

By 0 0

'Absolute highways': Starc surprised by pitches, says he’d hate bowling to Gill

Mitchell Starc voiced his astonishment at the batting-friendly pitches in the India-England Test...

By 0 0

Shubman Gill argues with umpire, Broad highlights 'problem'

During the third Test at Lord's, India's repeated requests to change the Dukes ball due to shape...

By 0 0

Finance Minister says EV tax kept unchanged to promote electricity consumption

KATHMANDU: Finance Minister Bishnu Paudel has said that the government decided to keep taxes on...

By 0 7