- Last Update 2024-11-07 10:19:00
Indian rupee hits record low against US dollar
MUMBAI (Reuters) : The Indian rupee dropped to a record low in opening deals on Wednesday as a sharp rise in global crude oil prices over the last two sessions weighed on sentiment for the local unit.
The partially convertible rupee hit 73.34 per dollar in early trade, an all-time low, and sharply lower than its previous close of 72.91. At 0335 GMT, the rupee was trading at 73.30. Markets were closed on Tuesday for a local holiday.
The benchmark 10-year bond yield was up 6 basis points at 8.05 percent.
Oil prices firmed on expectations of a tighter market once U.S. sanctions start targeting Iran's petroleum industry from next month, although a strong dollar and rising U.S. crude supply curbed gains. Prices however remain at highest levels since November 2014.
-
Still No Comments Posted.
- November 1, 2024 - 233 - 0
Northern Province’s Palali-Achchuveli road reopens after 30 years
The Palali-Achchuveli main road in the Northern Province was reopened today (Nov 01) after being closed for over 30 years, following a directive from President Anura Kumara Dissanayake.
- October 29, 2024 - 231 - 0
Housemaid gets off with pilot’s baggage at BIA
A housemaid who stole a pilot’s baggage at the Bandaranaike International Airport was arrested within three hours after the robbery today, Police said.
- November 1, 2024 - 223 - 0
Immigration Dept. to launch online passport appointment system
The Department of Immigration and Emigration has announced plans to introduce an online appointment system for passport applications, set to launch soon.
Related Articles
President congratulates President elect Donald Trump on election victory
- 06/11/2024 - 51 - 0
Four Custom Officers convicted 35 years of RI over Rs 125 Million bribery case
- 06/11/2024 - 160 - 0
US Elections 2024: Kamala Harris under pressure as her path to victory narrows
- 06/11/2024 - 80 - 0
Leave Comments