नवीनतम
Rupee crashes 82 paise to close at all-time low of 95.31
MUMBAI [Maha Media]: The rupee tanked 82 paise to settle at its record low of 95.31 (provisional) against the US dollar on Monday after US President Donald Trump rejected Iran's response to the West Asia peace proposal, following which crude oil prices surged rapidly.
Prime Minister Narendra Modi urging citizens to avoid buying gold and embrace austerity measures further dented market sentiments.
A strengthening US dollar and steep foreign capital outflows further pressured the local unit, according to forex traders.
India’s forex reserves dropped by USD 7.794 billion to USD 690.693 billion during the week ended May 1, the RBI said on Friday. In the previous reporting week ended April 24, the overall reserves declined by USD 4.82 billion to USD 698.487 billion.
