Amritha
May 23, 2018, 10:31 am IST
×
News Updates


Business



Business
Rupee falls to 68.07 against US$

Rupee falls to 68.07 against US$

 May 16, 2018

The Indian rupee fell to the lowest against US dollar since January 2017 on Tuesday.  On Monday it had closed at 67.51. The volatile trade made the rupee fell by 56 paise.

The increase in the price of crude also led to the pressure on the rupee. Brent crude futures rose to as much as 78.62 per barrel touching a three and half year high.

The rupee fall is also due to outflows from Indian capital markets.  This month alone foreign portfolio investors have sold net 1.6 billion in debt and 650 million in equity according to IFA Global.

 



More News











Pick of the Day

About us

In the surfeit of information that inundates us relentlessly, now (24 x 7 so to speak), it is difficult to separate the chaff from the grain. With so much chaff getting into the public domain, the real news happening on the ground becomes hard to make out. We are embarking on this portal in an effort to clarify things and provide focus on the real d ...

Read more

Newsletter

Enter email address to subscribe the newsletter

Copyright © 2017 PENNEWS. All Rights Reserved | Designed by : Tedsys