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

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

Posted

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

Effettua l'accesso per mettere mi piace, condividere e commentare!

Sports

IND vs ENG: Gautam Gambhir provides update on pacers' availability for series decider

India faces a dilemma regarding Jasprit Bumrah's workload for the final Test match. Coach Gautam...

By 0 2

Sports

IND vs ENG: Versatile Washington Sundar shows he’s the perfect fit

Washington Sundar, initially picked for his off-spin, proved his batting prowess by scoring a...

By 0 2

Entertainment

'Coolie' crosses USD 550K in USA advance bookings

Rajinikanth's 'Coolie' is poised for a record-breaking US debut, already surpassing $550,000 in...

By 0 8

Entertainment

Kajol celebrates Nysa's graduation with stylish family pics

Kajol and Ajay Devgn celebrated their daughter Nysa's graduation from the Glion Institute of...

By 0 8

Business

TCS layoffs: IT ministry ‘closely monitoring’ 12,000 job cuts, claims report; IT union calls tech firm's move illegal

India's IT Ministry is closely monitoring TCS's plan to reduce its workforce by over 12,000...

By 0 11