Can I read Rupee Hits Record Low at Rs.46.71 on EtoBox?

Rupee Hits Record Low at Rs.46.71 is a document available to read on EtoBox.

What is Rupee Hits Record Low at Rs.46.71 about?

The Indian rupee fell to a record low of Rs. 46.71 to the US dollar on Thursday due to increased dollar buying by foreign institutional investors selling shares in Indian markets. Foreign investors have sold Rs. 888 billion worth of shares since September 1 and have converted much of the proceeds to dollars, putting pressure on the rupee. The rupee has depreciated 18.5% against the dollar since January 1, with the decline accelerating in recent weeks coinciding with the launch of currency futures trading on

Language

EN