MUMBAI: The Indian rupee nosedived to a new life-time low of 71.10, shedding 10 paise against the US greenback in late afternoon industry on Monday, tracking weakening trend in rising market currencies.
A surge in global oil costs, considerations over US-China industry warfare and contagion dangers from Turkey and Argentina are the criteria impacting foreign exchange market sentiment.
Brent crude oil moved up by 0.57 in keeping with cent 78.08 a barrel.
The rupee's earlier file low used to be 71, marked on August 31.
Meanwhile, the BSE Sensex fell over 332.55 points to end at 38,312.52 and the NSE Nifty dipped underneath the 11,600-level by losing 98.15 points to close at 11,582.35 nowadays on heavy losses in FMCG, realty, power, banking, auto, oil & gasoline, PSU, IT, teck, infrastructure and capital items counters amid a world rout in equity markets.
On a net foundation, foreign portfolio investors (FPIs) bought stocks price Rs 212.81 crore Friday, as in keeping with provisional knowledge.
A surge in global oil costs, considerations over US-China industry warfare and contagion dangers from Turkey and Argentina are the criteria impacting foreign exchange market sentiment.
Brent crude oil moved up by 0.57 in keeping with cent 78.08 a barrel.
The rupee's earlier file low used to be 71, marked on August 31.
Meanwhile, the BSE Sensex fell over 332.55 points to end at 38,312.52 and the NSE Nifty dipped underneath the 11,600-level by losing 98.15 points to close at 11,582.35 nowadays on heavy losses in FMCG, realty, power, banking, auto, oil & gasoline, PSU, IT, teck, infrastructure and capital items counters amid a world rout in equity markets.
On a net foundation, foreign portfolio investors (FPIs) bought stocks price Rs 212.81 crore Friday, as in keeping with provisional knowledge.
Rupee plunges to yet another record low of 71.10 against US dollar
![Rupee plunges to yet another record low of 71.10 against US dollar]()
Reviewed by Kailash
on
September 03, 2018
Rating:
