Mostly Cloudy
5°CSat :Cloudy. High: 16 Low: 6

Rupee woes continue; hits fresh all-time low of 65.56 Vs dollar

Rupee woes continue; hits fresh all-time low of 65.56 Vs dollar

New Delhi: The rupee on Thursday plunged further by 148 paise to hit a fresh record low of 65.56 against the US dollar in mid-session trade on the Interbank Foreign Exchange on strong demand for the American currency from banks and importers.

The rupee had ended at 64.11 after hitting a fresh low of 64.54 against the US dollar in the previous session.

Forex dealers said besides strong demand for the American currency from importers and banks, dollar’s strength against other currencies overseas amid expectation that the Federal Reserve will soon taper its bond-buying programme weighed on the domestic currency.

They said several measures announced by the government and the RBI failed to check volatility in the rupee.

Weak domestic fundamentals such as record current account deficit concern too put pressure on the rupee, they said.

Federal Reserve minutes yesterday also hinted that the United States may start tapering its stimulus as early as next month.

 

Top Stories

300x200xbharti_airtel.gif.pagespeed.ic.6aMYzkDQeq

Airtel might soon dispatch 4G administrations in Delhi

April-25-2015
New Delhi: Bharti Airtel might soon dispatch 4G administrations in Delhi as it has got the thumbs up in such manner from
0

Parliamentary board addresses new GDP information, excoriates Statistics Ministry

April-25-2015
Scrutinizing the validity of new GDP figures, a Parliamentary board on Friday said it is not persuaded in regards to the figures
Infosys_Reuters

Infosys bets on new administrations to push deals to $20 bln by 2020

April-25-2015
Infosys Ltd (INFY.NS), India’s second-biggest programming administrations exporter, on Friday posted quarterly net benefit that slacked most expert desires, hosing any expectations
25-1429938569-gajendra-singh-sitting-in-a-tree-during-aam-aadmi-party-aaps-rally5

Farmer suicide: Whose suicide note did Kumar Vishwas read out?

April-25-2015
New Delhi: The suicide note or the claimed note of Gajendra Singh will be greatly urgent for the examinations. This would help
nepal-photo_0

Earthquake hits Nepal’s capital Kathmandu, North India shaken up

April-25-2015
New Delhi: North and North East India shook extremely for over a moment around twelve on Saturday morning, from a 7.5-size quake
mufti-mohammad-sayeed_Modi_380PTI1

Bound to fall flat: The PDP – BJP collusion in Jammu and Kashmir is unrealistic to finish its term

April-24-2015
The PDP and the BJP framed an organization together government in February 2015. This was done after a progression of thoughts between