Rupee settles at new low of 84.41 as US dollar strengthens, FII outflows

Quick Summary:

The dollar index rose to 106.66 per cent on Thursday post the US CPI data.

US inflation has remained stubbornly high, with the latest data showing a 2.6% year-over-year increase in headline CPI and a 3.3% rise in core CPI.

The higher inflation was largely driven by food prices, which surged to 10.87 per cent from 9.24 per cent in the previous month.

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Category: BusinessFinance

Markets: IndiaChina

Topics: Rupee FII US dollar strengthens CPI index Indian economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 21:42:15 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23588540

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