iPhone | iPad
Android
Huawei
Nadal scores crushing straight-set win over American teenager Darwin Blanch as Rublev ends four-match losing streak
KT APPDOWNLOAD
Rupee falls to record low against US dollar, slips past 82-mark
Traders are also monitoring the United States' payrolls report which is expected today, as it could influence the Fed's stance on monetary policy
Photo: Reuters
With increasing oil prices weighing on traders' sentiments, the rupee plunged to an all-time time low of 82.22 against the US dollar in morning trade on Friday.
Traders are also monitoring the US payrolls report which is expected today.
Depending on this, the US Federal Reserve's stance on monetary policy could also be influenced. The rupee had closed at 81.88 in the previous session.
Government bond yields are expected to open higher on Monday, as concerns over debt supplies may resurface after a weaker-than-expected demand at a debt auction on Friday. Bond prices and yields are inversely related.
The dollar index, which tracks the greenback versus a basket of six major peers, was minorly affected at 112.032, following a rally from a two-week low.
Oil prices rose on the back of a "deep" supply cut by the Organization of Petroleum Exporting Countries (Opec) and its allies, and are set for more volatility. Crude prices are headed for the biggest weekly gain since the beginning of the Russia-Ukraine conflict this year.
A weak rupee has driven dollar selling by the Reserve Bank of India (RBI) to support the currency. However, this has raised concerns over India's dwindling foreign exchange reserves.
Last week, RBI also raised its repo rate in order to rein in the depreciation of the local currency against the dollar.
ALSO READ:
More news from
As a thermostatic shower mixer, Jaquar Qloud offers perfect regulation over temperature, water flow volume, and shower mode selection
The England star smashed nine sixes and eight fours in his 48-ball 108 as the Kings eclipsed the previous record set by South Africa who overhauled a target of 258 by the West Indies in 2023
Fatima was diagnosed with autoimmune hepatitis, a condition where the body's immune system attacks liver cells
The announcement follows a difficult spell for the royal family after both Charles and his daughter-in-law Catherine, revealed that they had cancer
It reiterated that pilgrims require a Haj visa and it can be obtained through recognised official channels
The 18-year-old was taken to hospital in a serious condition
The brothers, who say they are innocent, are accused of having formed an organised criminal network in early 2021 in Romania, as well as in the US and Britain
