Rupee hits 30-month low on fears of FII outflows
The rupee slid to its weakest level in 30 months on Friday on expectations of foreign fund outflows from domestic shares on a sudden bout of risk aversion ahead of the euro zone summit over the weekend.
Reuters
The rupee slid to its weakest level in 30 months on Friday on expectations of foreign fund outflows from domestic shares on a sudden bout of risk aversion ahead of the euro zone summit over the weekend.
At 9:07 am, the partially convertible rupee was at 50.14/15 per dollar, after hitting 50.18, its lowest since April 29, 2009 and 0.7 percent below its Thursday's close of 49.79/80.
Reuters
also read
Petrol, diesel prices hiked again on 28 October, at fresh all-time highs; check rates here
Petrol and diesel prices on 28 October 2021: Petrol price in Delhi stands at Rs 108.29 per litre while diesel is available for Rs 97.02. In Mumbai, petrol is retailing at Rs 114.14 while diesel costs Rs 105.12
Rupee slips by six paise to 75.02 against US dollar in opening trade
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.06 percent to 93.88
Rupee recovers 12 paise to end at 74.96 against US dollar
At the interbank forex market, the local unit opened at 75.05 against the greenback and witnessed an intra-day high of 74.95 and a low of 75.17 during the day trade