Rupee breaches 78/$ level for first time

The rupee hit a new low of 78.28 in intraday trade and closed below the 78 level for the first time on Monday as foreign investors sold in the equity markets over fears that the US Fed may hike interest rates further. A forex dealer said that markets were beginning to factor in a further 75-basis-point-increase in interest rates in the United States.

from Times of India https://ift.tt/Dr9EnOx
https://ift.tt/uHB9V5i

Comments

Popular posts from this blog

100% working AVG Internet Security 2020, bilkul free for 10 years

UK Attorney General to review sentence in teen's murder case

Singer Bhavatharini, Ilaiyaraaja's daughter, dies of stomach cancer