Business Standard

Rupee hits record low on local stocks, risk aversion

Some traders expect a mild short-covering rally in the near-term

Related News

The fell to a new record low against the on Thursday as local stocks gave up gains notched earlier in the session while the euro remained near four-month lows.

The rupee was last trading at a record low of 54.5650, breaching its previous all-time low of 54.52 hit just on Wednesday.

Local stocks were trading flat after rising as much as 1.3% earlier in the session.

Read more on:   
|
|

Read More

Rupee recovers from record low of 56.52

Snapping the two-day fall, the rupee today recovered 16 paise against the dollar to close at 56.08 after slipping to a record low of 56.52 on ...

Quick Links

More news from Finance Rss icon

RBI amends Basel III guidelines for banks

The RBI said banks can now issue additional Tier 1 capital to retail investors subject to board approval

Credit dividend on shares to savings bank account to be treated as a transaction: RBI

The account cannot be declared dormant even if no other transaction has taken place for two years

RBI asks banks to set timeline to process loans

Move came after RBI noticed that there have been inordinate delays by banks to convey credit decisions

Back to Top