look news india
Share Market: Amidst the huge fall in the stock market, the rupee has also reached its lowest level against the dollar. As soon as the stock market opened today, the rupee fell by 12 paise to its lowest level of 85.06 against the US dollar. The US Federal Reserve has adjusted its forecasts for 2025, indicating a more cautious monetary policy stance, forex traders said. This will put pressure on the currencies of emerging markets including the Indian rupee.
Rupee is at a low of 85.00 against the dollar
In the interbank foreign exchange market, the rupee opened with a weak trend and touched the level of 85.00 against the dollar. Investor sentiment was hit amid demand from importers, withdrawal of foreign capital and soft trend in domestic stock markets and it fell to an all-time low of 85.06 per dollar against the US currency. Which shows a decrease of 12 paise from the previous closing price. The rupee closed at 84.94 against the US dollar on Wednesday.
dollar surge
Meanwhile, the dollar index, which shows the position of the US dollar against six major currencies, stood at 108.03 with an increase of 0.01 percent. International standard Brent crude closed at $ 73.08 per barrel, down 0.42 percent. According to stock market data, foreign institutional investors (FIIs) remained overall sellers on Wednesday. Shares worth Rs 1,316.81 crore were sold.