Indian Rupee closes at record low of 50.29/$

Table of Contents

The currency extended a three-week decline after India’s deadliest terrorist attacks in 15 years that lasted almost for four days.


Rupee closed at a record low as a slide in equities fueled concern investors will increase sales of local shares. The currency extended a three-week decline after India’s deadliest terrorist attacks in 15 years that lasted almost for four days.

Sensex slid 2.8% today, taking this year’s loss to 56.4%. The rupee dropped 0.4% to close at 50.29 per dollar, according to the reports. It fell as low as 50.355 in intraday trading.

FIIs sold Indian equities worth a record US$13.7bn more than they bought this year, according to the SEBI data.

Courtesy: indiainfoline.com

Share the Post:
Facebook
Twitter
LinkedIn

Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.

OPEN DEMAT ACCOUNT