Rupee slips 42 paise to 72.08 against dollar in early trade, currency comes under pressure after escalation of US-China trade war
5 years, 4 months ago

Rupee slips 42 paise to 72.08 against dollar in early trade, currency comes under pressure after escalation of US-China trade war

Firstpost  

At the Interbank Foreign Exchange, the rupee opened at 72.03 then fell to 72.08 against the US dollar, showing a decline of 42 paise over its previous closing. The rupee on Monday declined by 42 paise to 72.08 against the US currency in early trade, due to strong dollar demand from banks and importers amid unabated foreign fund outflows. The onshore yuan fell 0.6 percent in early trade to 7.15 per dollar, its weakest since February 2008 and its second-biggest one-day drop of the month. The government on Friday announced a raft of measures, including rollback of enhanced super-rich tax on foreign and domestic equity investors, exemption of startups from ‘angel tax’, a package to address distress in the auto sector and upfront infusion of Rs 70,000 crore to public sector banks, in efforts to boost economic growth from a five-year low.

History of this topic

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6 days, 11 hours ago
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1 week, 5 days ago
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3 weeks, 4 days ago
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3 weeks, 4 days ago
Rupee falls to hit all-time low of 85.16 against US dollar in early trade
4 weeks ago
Rupee falls 5 paise to hit all-time low of 85.16 against US dollar in early trade
4 weeks ago
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4 weeks ago
Rupee slips to all-time low pressured by weak yuan, importer dollar bids
4 weeks, 1 day ago
Rupee recovers from all-time low, gains 10 paise to 85.03 against U.S. dollar
1 month ago
Rupee recovers from all-time low, gains 6 paise to 85.07 against US dollar in early trade
1 month ago
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1 month ago
Rupee falls 14 paise to close at all-time low of 85.08 against U.S. dollar
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1 month ago
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1 month ago
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1 month ago
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1 month ago
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1 month ago
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1 month ago
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1 month ago
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1 month ago
Rupee recovers 10 paise to end at 84.78 against U.S. dollar
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1 month, 1 week ago
Inflows help rupee end higher on day but weekly losing streak persists
1 month, 1 week ago
Rupee recovers from all-time low, gains 5 paise to 84.83 against U.S. dollar in early trade
1 month, 1 week ago
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1 month, 1 week ago
Rupee hits fresh all-time low, settles 4 paise lower at 83.87 against dollar
1 month, 1 week ago
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1 month, 1 week ago

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