iPhone | iPad
Android
Huawei
Pecker is a key witness in the case against the former US president, who is accused of falsifying business records to cover up hush-money payment
KT APPDOWNLOAD
Indian rupee plunges 51 paise to record low of 77.41 (Dh21.09) against US dollar
The rupee has weakened sharply over the last few months due to a sharp rise in crude oil
PTI file
The rupee has weakened sharply over the last few months due to a sharp rise in crude oil.
The rupee plunged to a record low of 77.41 against the US dollar (21.09 versus the UAE dirham) on Monday amid persisting high crude oil prices and uncertainty over the duration of the Russia-Ukraine war.
At the interbank foreign currency market, the rupee hit a low of 77.41 against a US dollar in intra-day trade on Monday against its previous close of 76.93 (20.96 against the dirham).
The Brent crude oil price surged to near $130 a barrel in March, the highest level since 2008. Currently, Brent crude oil is priced at $113.
Due to high crude oil prices, India’s trade and fiscal deficits are expected to rise, and will put increasing pressure on the Indian currency.
On February 24, Russia launched a military operation in Ukraine, three days after recognising the Ukrainian breakaway regions of Donetsk and Luhansk as “independent republics”. The Russian Ministry of Defense maintains that the operation is targeting Ukrainian military infrastructure only.The Brent crude oil price surged to near $130 a barrel in March, the highest level since 2008. Currently, Brent crude oil is priced at $113.
ALSO READ:
Due to high crude oil prices, India’s trade and fiscal deficits are expected to rise, and will put increasing pressure on the Indian currency.
On February 24, Russia launched a military operation in Ukraine, three days after recognising the Ukrainian breakaway regions of Donetsk and Luhansk as “independent republics”. The Russian Ministry of Defence maintains that the operation is targeting Ukrainian military infrastructure only.
More news from
The oil and gas conglomerate and Fifa, the world governing body, sign major sponsorship agreement
Toomaj Salehi risks being hanged after the conviction on the Shariah charge of "corruption on Earth" by a Revolutionary Court
Aid groups warn any invasion would add to already-catastrophic conditions for Gaza's 2.4 million people
The American they will face Australia and Serbia on July 15 and July 17 as part of their preparation for the Paris Olympic Games
The leaders emphasise that the deal to release the hostages would bring an immediate and prolonged ceasefire in Gaza
Dubai-based Sumit Augustine has had a philosophical approach towards spending
The regional upswing also defies oil production cutbacks
