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Rupee crashes to over 8-month low of 71.81
Friday, August 23, 2019, 8:15 AM
The Indian rupee on Thursday plunged to an over eight-month low of 71.81, dropping 26 paise against the US dollar as tumbling equities and incessant foreign fund outflows weighed on sentiment. Also, the sudden drop in Chinese yuan led to increased volatility in emerging market currencies, including the rupee, forex dealers said. On Wednesday, the Indian rupee had closed at 71.55 a dollar.
BSE, NSE shut today on account of Independence Day
Thursday, August 15, 2019, 10:21 AM
The National Stock Exchange and the BSE are closed for trading on Thursday, August 15, 2019, on account of Independence Day. Wholesale commodity markets, including metal and bullion, too are closed for trade. There will be no trading activity in forex and commodity futures markets as well. The benchmark indices, on August 14, ended higher with the Nifty ending above the psychological 11,000 mark.
Rupee rebounds from 6-month lows, spurts 13 paise to 71.27 vs USD
Wednesday, August 14, 2019, 9:18 PM
Rebounding from six-month lows, the rupee advanced 13 paise to close at 71.27 against the US dollar on August 14 amid easing oil prices and gains in the domestic equity market. Forex traders said the US delaying new tariffs on Chinese electronics goods as well as encouraging macroeconomic data also boosted investor sentiment. Positive macroeconomic data also supported the domestic unit.
