Industries Market National

Rupee hit 74.39 amid Concern over fiscal deficit and rising current account deficit.

The unabated outflow of foreign funds continues to pinch Indian rupee, as domestic currency slumped by 33 paise to finish at a fresh lifetime low of 74.39 against the US dollar  on Tuesday. This is the six consecutive fall for the rupee against US dollar Earlier in the day, the domestic currency erased all its Read More…

Business

Rupees touched historic low 70.32 and India trade deficit widen to 18 billion US$

The Indian rupee dropped to a historic record low in opening deals on Thursday with investor sentiment affected by a widening trade deficit on the domestic front and the broad rise in the US dollar versus other Asian peers. The partially convertible rupee was trading at 70.25/26 per dollar, at 0343 GMT, versus its Tuesday’s Read More…