Contact Your Financial Adviser Money Making MC
18
September 2018
 |
Rupee
(The Total Investment & Insurance Solutions)
The
latest global trade protectionist measures, along with high crude oil prices,
dragged the Indian rupee to a fresh low of 72.98 per US dollar on Tuesday.
At
5 p.m., the rupee closed at 72.98 per greenback from its previous close of
72.51 per dollar.
It
had opened at 72.60 per US dollar at the Inter-Bank Foreign Exchange Market and
remained range bound.
However,
the Indian currency's slide commenced from 4.45 p.m. onwards as it touched
72.96 breaching its previous intra-day record low of 72.91 made on September
12.
According
to analysts, concerns over a rise in inflation rate, growing protectionism in
global trade and an outflow of foreign funds from the country's equity market
have had an adverse impact on the Indian currency.The Total Investment & Insurance Solutions
No comments:
Post a Comment