Currency watch: Rupee closes flat at 85.52 vs dollar, equities...

Currency watch: Rupee closes flat at 85.52 vs dollar, equities crash and oil spike limit gains

Posted

The rupee marginally strengthened against the US dollar, closing at 85.52, supported by a weaker greenback and anticipation of Federal Reserve rate cuts. However, a sharp decline in domestic equities, with the Sensex and Nifty falling significantly, and rising crude oil prices, limited the rupee's gains. Foreign institutional investors also offloaded equities, further impacting market sentiment.

Read Full Article

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

National

RPP boycotts House, accuses ruling coalition of arrogance

KATHMANDU: Rastriya Prajatantra Party (RPP) lawmakers boycotted Sunday’s meeting of the...

By 0 2

Sports

Australia head coach backs Khawaja and Labuschagne after Lord's heartbreak

Australia's head coach, Andrew McDonald, has voiced his support for Usman Khawaja and Marnus...

By 0 2

International

Five dead, two missing in Typhoon Wutip in central Vietnam, farmlands flooded; reaches southern China

Typhoon Wutip has wreaked havoc in central Vietnam, resulting in five deaths and leaving two...

By 0 14

Business

Strict checks coming in! RBI to tighten rules for overseas remittances by resident Indians; here’s what is being planned

The Reserve Bank of India plans to tighten regulations on international money transfers by Indian...

By 0 23

International

Israel's 'Operation Rising Lion': Donald Trump denies US role; Iran claims 'solid proof' of American support

Iran claims to possess evidence implicating US forces in supporting recent Israeli airstrikes,...

By 0 27