NEW DELHI: The rupee declined by 16 paise to settle at 85.58 against the US dollar on Tuesday, weighed down by weak domestic equity markets and a rise in US Treasury yields. The drop marked a reversal from Monday’s gain, when the rupee had appreciated by 15 paise to close at 85.42.Currency dealers attributed the…
MUMBAI: The rupee plunged to a record low on Friday, closing at 85.53 against the dollar from it’s previous close of 85.26. In Friday’s trades, it briefly touched an intraday low of 85.80 – its sharpest fall in nearly two years, Bloomberg reported.The fall in the rupee was driven by panic dollar buying from importers,…
MUMBAI: Dalal Street witnessed huge volatility on Friday, with the sensex swinging over 2,100 points in intraday trades and finally closing 843 points up at 82,133 points – a two-month closing high. The day’s gains came on the back of strong foreign fund buying at Rs 2,335 crore, BSE data showed.The sensex opened Friday’s session…