BEAMSTART Logo

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.


More Pictures


or

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: timesofindia.indiatimes.com

Language: English

Reading Time: 3 minutes read

Article Length: 494 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 4719

Load More

About Times of India

Times of India Logo

Main Topics: Business

Official Website: timesofindia.indiatimes.com

Update Frequency: 6 posts per day

Year Established: 1838

Headquarters: India

Last Updated: 1h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Languages Covered: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #28

Load More

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.