Rupee falls 23 paise to close below 74-level against U.S. dollar
The Hindu
On Monday, the Indian rupee had settled at 73.83 against the U.S. dollar.
The rupee tumbled 23 paise to close at 74.06 against the U.S. dollar on Tuesday amid a lacklustre trend in domestic equities and strengthening of the American currency in the overseas market.
At the interbank foreign exchange market, the local currency opened at 73.79 and witnessed an intra-day high of 73.73 and a low of 74.12 against the U.S. dollar in day trade.
The local unit finally settled at 74.06 a dollar, down 23 paise over its previous close. On Monday, the rupee had settled at 73.83 against the U.S. dollar.
Equity indices Sensex and Nifty close lower due to auto stocks, foreign fund outflows, and global market concerns.
Rupee falls against dollar on Friday due to foreign fund outflows, U.S. dollar index recovery, and weak domestic markets.
India's HVAC&R industry is booming, with AC market doubling to 15 million units, driven by sustainability and government support.
HSBC reports rapid growth in India's private sector activity, with services leading the way, indicating economic expansion.
Kerala Chief Minister Pinarayi Vijayan highlights investor-friendly initiatives and growth in investment potential at Invest Kerala Global Summit.
Equity indices decline due to foreign fund outflows, weak US markets, and tariff threats, impacting Sensex and Nifty.
Rupee expected to trade negatively due to weak equities, but cushioned by crude oil prices; influenced by RBI minutes.
S&P Global upgrades Kotak Mahindra Bank's credit rating to 'BBB' after RBI lifts operational curbs, positioning bank for growth.
Adani Green withdraws from Sri Lanka wind farm project amid tariff dispute, government open to future collaboration.
Government extends Chief Economic Adviser V. Anantha Nageswaran's tenure until March 2027, following approval by Appointments Committee of the Cabinet.
Skoda Auto Volkswagen India faces $1.4 billion tax demand for allegedly misclassifying imports, customs department warns legal action.
Benchmark indices Sensex and Nifty decline for third day due to tariff threats, weak Asian markets, and foreign fund outflows.
Rupee strengthens against the dollar, supported by weakening American currency, amid global economic uncertainties and foreign fund outflows.