Rupee hits file low in opposition to greenback in early commerce The rupee had touched an all-time low of Rs 79.03 in opposition to the greenback in early commerce on Wednesday. The rupee had closed at 78.77 in opposition to the greenback in early commerce on Tuesday. 78.95 on Wednesday.
The inventory market additionally declined. Considerations over greater rates of interest and a slowdown in financial development have additionally weighed on Asian markets.
When the Modi authorities got here to energy in May 2014, the alternate charge was 59.44 paise. It has fallen by Rs 20 in eight years. Rupee depreciates in opposition to greenback Market analysts have referred to as for a change within the RBI’s conventional intervention to maintain the rupee in verify.
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