2024-03-18 12:12:31 pm | Source: Accord Fintech
Rupee weakens against US dollar on Monday
Indian rupee weakened against the US dollar on Monday tracking weak domestic equities and rising crude oil prices. Meanwhile, investors are cautious ahead of the monetary policy outcome of the US Federal Open Market Committee this week. However, some losses were limited by foreign fund inflows into capital markets. Data showing that foreign investors turned net buyers on Friday as they purchased shares worth Rs 848.56 crore on net basis.
The partially convertible currency is currently trading at 82.9075, weaker by 4 paise from its previous close of 82.8675 on Friday. The currency touched a high and low of 82.9100 and 82.8300 respectively.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Daemyung Sono Group moves to acquire T'way Air
Nifty Retreats from 23,400 Resistance, Tests 23,000 ...
World at a critical inflection point, 2025 a year of...
Avenue Supermarts gains on opening new store in Amri...
Nifty opened with an upward gap and traded with extr...
HCL Technologies gains on launching new center in Hy...
South Korean battery firms make record investments a...
Nifty immediate support is at 22800 then 22600 zones...
Pre-Budget Quote on lowering the TCS on overseas inv...
IPO Note : Denta Water & Infra Solutions Ltd By Geoj...
