Rupee falls 1 paisa to all-time low of 84.38 against dollar in early trade

Quick Summary:

The rupee slipped 1 paisa to an all-time low of 84.38 against the US dollar in early trade on Monday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities.

Forex traders said the rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows.

Last week, the rupee came under pressure amid the US elections and sustained foreign fund outflows.

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Category: BusinessFinance

Markets: India

Topics: Indian rupee Trade Dollar Rupee vs dollar Currency US dollar Rupee

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News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-11-11 @ 10:01:27 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 498 words

Reading Time: 3 minutes read

Sentences: 21 lines

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News ID: 23508281

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