Re falls to 84.28, biggest drop in over 4 months

Quick Summary:

Global currencies also faced significant losses against a strengthening dollar, fueled by anxieties surrounding potential trade barriers.

The Indian rupee experienced its most significant drop in over four months, closing at 84.28 against the US dollar due to Trump's victory.

Despite this decline, the Reserve Bank of India (RBI) intervened to curb further depreciation.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaSouth Africa

Topics: Trump victory impact on rupee Rupee falls to 84.28 Indian economy resilience RBI intervention rupee decline Rupee drop against US dollar Dollar index gain Dollar strength global currencies Business news Rupee record low Forex market trends

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 07:11:42 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 635 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23454093

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

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Year Established: 1838

Headquarters: India

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