Rupee stumbles 1 paisa to all-time low of 84.40 against US dollar

Q: How long will it take to read this news story?

The story "Rupee stumbles 1 paisa to all-time low of 84.40 against US dollar" has 542 words across 22 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Rupee stumbles 1 paisa to all-time low of 84.40 against US dollar" was covered 8 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 263 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23582016</li><li>URL: https://beamstart.com/news/rupee-stumbles-1-paisa-to-17315704411773</li></ul>

Business Standard Logo Business Standard 8h ago

Rupee stumbles 1 paisa to all-time low of 84.40 against US dollar - Business Standard

Quick Summary:

The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Thursday, weighed down by unabated foreign fund outflows and strong dollar demand from investors.

On Wednesday, the rupee moved in a narrow range and settled flat at 84.39 against the US dollar."...the Reserve Bank of India (RBI) has stepped up as the rupee's primary protector.

Forex traders said the downward pressure on the USD/INR pair is largely driven by persistent inflation and significant foreign outflows.