Thursday, Jun 8, 2023
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
    • Rewind
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
  • Rewind
Home | Business | Rupee Slumps 24 Paise To 73 66 Against Us Dollar In Early Trade

Rupee slumps 24 paise to 73.66 against US dollar in early trade

Reserve Bank of India on Wednesday expectedly left interest rates unchanged and maintained an accommodative stance as the economy faces a renewed threat.

By PTI
Published Date - 12:35 PM, Wed - 7 April 21
Rupee slumps 24 paise to 73.66 against US dollar in early trade
whatsapp facebook twitter telegram

Mumbai: The Indian rupee slumped 24 paise to 73.66 against the US dollar in opening trade on Wednesday, after the Reserve Bank of India maintained status quo on policy rates for the fifth time in a row.

The central bank kept its key policy repo rate unchanged at 4 per cent, but warned that the recent surge in COVID-19 infections has created uncertainty over economic growth recovery.

At the interbank forex market, the domestic unit opened at 73.52 against the US dollar, then fell further to 73.66, registering a fall of 24 paise over its previous close.

On Tuesday, the rupee had settled at 73.42 against the American currency.

Reserve Bank of India on Wednesday expectedly left interest rates unchanged and maintained an accommodative stance as the economy faces a renewed threat to growth due to the resurgence of coronavirus cases.

The number of new coronavirus cases in India hit a record daily high since the outbreak of the pandemic with over 1.15 lakh new infections being reported in a span of 24 hours, pushing the nationwide COVID-19 tally to 1,28,01,785, according to the Union Health Ministry data updated on Wednesday.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.01 per cent to 92.32.

In the domestic equity market, the 30-share BSE benchmark Sensex was trading 305.84 points higher at 49,507.23, and the broader NSE Nifty advanced 85.95 points to 14,769.45.

Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 1,092.75 crore on Tuesday, according to exchange data.

Brent crude futures, the global oil benchmark, rose 0.46 per cent to USD 63.03 per barrel.

  • Follow Us :
  • Tags
  • Brent crude futures
  • Currency
  • Dollar
  • domestic equity

Related News

  • Rupee falls 7 paise to 82.59 against US dollar ahead of RBI policy decision

    Rupee falls 7 paise to 82.59 against US dollar ahead of RBI policy decision

  • Reserve Bank of India MPC retains repo rate at 6.5%

    Reserve Bank of India MPC retains repo rate at 6.5%

  • Rupee rises 8 paise to 82.52 against US dollar

    Rupee rises 8 paise to 82.52 against US dollar

  • Telangana registers lowest market borrowings in 2022-23

    Telangana registers lowest market borrowings in 2022-23

  • Make customers’ rights charter enforceable, says RBI panel

    Make customers’ rights charter enforceable, says RBI panel

  • India’s forex kitty drops USD 4.34 billion to USD 589.14 billion

    India’s forex kitty drops USD 4.34 billion to USD 589.14 billion

Latest News

  • Groundbreaking done for SGD Corning facility in Mahabubnagar

    11 mins ago
  • Red tape out, red carpet in for industrialists in Telangana, says KTR

    19 mins ago
  • Important guidelines for TSPSC Group I prelims

    32 mins ago
  • Woman in Thane hacked to pieces by live-in partner

    33 mins ago
  • Train cancelled due to restoration work at Bahanaga Bazaar station

    42 mins ago
  • ‘KGF’ makers Hombale Films unveil gripping trailer for ‘Dhoomam’

    51 mins ago
  • Hyderabad: Premier of The Flash hosted as a treat to DC fans

    52 mins ago
  • Sima Taparia drops a ‘Shaadi’ music video

    1 hour ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam