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September 22, Saturday 2018 9:09 AM       

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       BUSINESS Next Article: GST collections dip to Rs.93,960Cr in August  
       Rupee plunges to yet another record low of 71.10 vs USD
 
         Posted on :01:41:49 Sep 4, 2018
   
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       Last edited on:01:41:49 Sep 4, 2018
         Tags: Rupee, USD
 
Mumbai: The Indian rupee nosedived to a new life-time low of 71.10, shedding 10 paise against the US dollar in late afternoon trade on Monday, tracking weakening trend in emerging market currencies.
 
A surge in global oil prices, concerns over US-China trade war and contagion risks from Turkey and Argentina are the factors impacting forex market sentiment.
 
Brent crude oil moved up by 0.57 per cent 78.08 a barrel.
 
The rupee's previous record low was 71, marked on August 31.
 
Meanwhile, the BSE Sensex fell over 332.55 points to end at 38,312.52 and the NSE Nifty dipped below the 11,600-level by losing 98.15 points to close at 11,582.35 today on heavy losses in FMCG, realty, power, banking, auto, oil & gas, PSU, IT, teck, infrastructure and capital goods counters amid a global rout in equity markets.
 
On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 212.81 crore Friday, as per provisional data.
 
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       BUSINESS
Next Article: GST collections dip to Rs.93,960Cr in August
 
 
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Chemists call for strike on Sep28 against online medicine sale  
Rupee sinks to new low of 72.91, drops 22 paise against USD  
Skills and You develops special module 'Curio'  
Google ready to comply with RBI norms for payment services, says official  
FinMin in touch with RBI for market intervention to contain rupee value  
Sensex plunges over 400 pts as rupee breaches 72.50 mark  
Niti Aayog asks auto cos to stick to timeline to achieve full e-mobility  
FastFox registers 3x growth post rollout of revolutionary 'Open House' model  
Jio completes two years, aims to take India to 'top 5' in broadband connectivity  
Gold rises 0.46% on positive global cues  
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Gadkari pitches for alternate fuels; says govt not against petrol, diesel  
 
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