Rupeee hits life low of 78.39/$ on foreign funds' selling spree

Times of India LogoTimes of India6d ago

Rupeee hits life low of 78.39/$ on foreign funds' selling spree

Quick Summary

India Business News: MUMBAI: Unabated foreign fund selling in the domestic market and the strength of the dollar against some major currencies took a heavy toll on the rup.

At the same time, led by strong selling in RIL, the sensex lost 710 points to close at 51,823 as investors turned cautious ahead of the US Federal Reserve chief's testimony to the Congress later in the evening.

Stock market players could take some solace from the US Fed chief's statement to the Congress in which he didn't give much more than what the central bank has been saying lately.

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Article Details

Author / Journalist: TNN

Category: Business

Topics: Dollar Business news Foreign funds Rupee Indian currency Us federal reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 08:02:13

News Timezone: GMT +5:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 494 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 4719

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Main Topics: Business

Official Website:

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Year Established: 1838

Headquarters: India

Last Updated: 1h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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