Rupee ends 15 paise lower at 73.83 against U.S. dollar
The Hindu
On Friday, the currency had closed 4 paise down at 73.68 against the U.S. dollar.
The rupee weakened by 15 paise to close at 73.83 (provisional) against the U.S. dollar on Monday as a stronger greenback against key rivals and rising crude oil prices weighed on investor sentiment.
Besides, multiple bouts of volatility on domestic equities front and mixed cues from global financial markets brought the rupee more under pressure, analysts observed.
At the interbank Foreign exchange market, the rupee opened on a weak note at 73.70 and slid to the day's lowest level at 73.84 a dollar towards the fag-end of the session. For a brief period, it ventured into positive territory and touched a high of 73.60.
Senior BJP leader and former Telangana Governor Tamilisai Soundararajan on Saturday (November 23, 2024) said the landslide victory of the Mahayuti alliance in the Maharashtra Assembly election was historic, and that it reflected people’s mindset across the country. She added that the DMK would be unseated from power in the 2026 Assembly election in Tamil Nadu and that the BJP would be the reason for it.