Rupee drops to 85.86 vs dollar amid foreign outflows; RBI rate cut...

Dununu.com Dununu

Gesponsert

Rupee drops to 85.86 vs dollar amid foreign outflows; RBI rate cut in focus

RSS Feed Business

Posted

86

The rupee weakened to 85.86 against the US dollar due to foreign fund outflows, despite support from positive domestic stock market signals and falling crude oil prices. The RBI is expected to intervene to maintain the 85-86 range, with attention focused on the upcoming monetary policy committee outcome. Analysts predict a 25 basis points repo rate cut.

Read Full Article

Please log in to like, share and comment!

SC quashes criminal proceedings against Lakshya Sen in fabrication of birth certificate case

The Supreme Court has dismissed criminal proceedings against badminton players Lakshya Sen and...

Von 0 3

US tightens visa rules with in-person interviews now made mandatory for most applicants, including students: Here's what you need to know

Von 0 3

Eight highways across the country obstructed due to rain

KATHMANDU: Eight highways across the country have been completely blocked due to incessant...

Von 0 4

Watch: Chaos as Gazans rush for airdropped aid; shots fired to control crowd

Von 0 8

'Will step in if there is mass exclusion': SC fixes timeline for considering pleas against Bihar SIR; hearing on August 12

Von 0 10