NEW DELHI: The Indian rupee slid to a record low of 85.24 against the US dollar in early trade on Thursday, weighed down by rising US Treasury yields and a decline in most Asian currencies. The rupee, which had closed at 85.20 on Tuesday, opened lower after a mid-week holiday in Indian financial markets.The 10-year…
Rupee declined to an all time low of 84.41 against the US dollar on Thursday, affected by continuous foreign fund withdrawals and robust dollar requirements from investors. According to currency market specialists, sustained inflation and substantial foreign capital outflows are primarily responsible for the downward movement in the USD/INR pair.In early trade at the interbank…
Stock market today: Indian stock markets ended a five-day losing streak on Monday as upbeat quarterly results from ICICI Bank and other lenders powered gains in banking stocks, despite ongoing foreign selling and lackluster corporate earnings. The BSE Sensex climbed 0.76 per cent or 602.75 points to close at 80,005.04, while the Nifty50 rose 0.65…
