Rupee drops 29 paise to close at 85.90 against US dollar amid...

Dununu.com Dununu

Sponsor

Rupee drops 29 paise to close at 85.90 against US dollar amid risk-off mood, FII outflows

RSS Feed Business

Posted

46

The Indian rupee weakened for the second consecutive session, closing at 85.90 against the US dollar due to risk aversion and foreign fund outflows. The decline was influenced by geopolitical tensions, high crude oil prices, and anticipation of the RBI's monetary policy decision. Despite the rupee's fall, Indian equity markets closed higher, while the services sector showed continued expansion.

Read Full Article

Please log in to like, share and comment!

Jeena Raghavan: A life in color and form

By 0 2

Anushka’s performance in Chakda Xpress is her best yet

Dibyendu Bhattacharya expresses his eagerness for the release of 'Chakda Xpress,' praising...

By 0 9

‘Shark Tank India’ judge Aman Gupta on working with Gen Z

Aman Gupta, 'Shark Tank India' judge, praises Gen Z's potential, highlighting their innovative...

By 0 9

Humla-Mugu link road: Bailey bridge installed at Lotikhola

HUMLA: A Bailey bridge has been successfully installed over Lotikhola in Chankheli Rural...

By 0 14

'Different PM, different BJP': Congress slams Modi over delay in Operation Sindoor debate; recalls Vajpayee's Kargil review panel

By 0 19