Rupee falls 21 paise, slides to all-time low of 84.30 against US dollar

Quick Summary:

The rupee depreciated 21 paise to an all-time low of 84.30 (provisional) against the US dollar on Wednesday, as the US Dollar index rallied with Donald Trump set to win the US Presidential elections.

A strong greenback against major rivals overseas and unabated foreign fund outflows dented market sentiment, forex traders said.

On Tuesday, the rupee settled 2 paise higher at 84.09 against the US dollar.

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Category: BusinessFinance

Markets: India

Topics: US dollar US Dollar Rupee Rupee US Dollar FII outflows

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 18:53:47 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 532 words

Reading Time: 3 minutes read

Sentences: 23 lines

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Copyright Owner: © Business Standard

News ID: 23448008

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