Rupee hits record low as dollar index shines

The domestic currency rupee hit a record low of 86.65 against the dollar on Friday. The depreciation in the rupee came after the dollar index extended its gains from the previous day. The dollar index was bolstered by the European Central Bank’s rate cut of 25 basis points. 

The dollar index also got a boost after US President Donald Trump again warned of a 25% tariff on Canada and Mexico. Since US President Trump took over the Whitehouse (January 20, 2025), the Indian rupee has fallen 0.5% as of January 31, 2025. 

At 1200 IST, the dollar index, which measures the strength of the dollar against a basket of six major currencies, was up 0.34% at 108.17.

 » Read More

Related Articles

US court rules against Byju’ in $533 million fraud case

A US bankruptcy court has ruled against Byju’s Alpha, Inc and its affiliates in a case involving the fraudulent transfer of $533 million. Judge John T Dorsey of the Delaware Bankruptcy Court issued a summary judgment against key defendants, including Riju Raveendran, Camshaft Capital Fund, LP, and Think & Learn (T&L), which operates as Byju’s.

Byju Raveendran breaks silence alleges collusion between Glas Trust, EY India & IRP

Byju Raveendran, the founder of troubled edtech firm, Byju’s, has spoken out for the first time in months, addressing the company’s financial crisis and legal battles in a LinkedIn post. He directly accused Glas Trust, the trustee for Byju’s US lenders, and the interim resolution professional (IRP) overseeing the company, of actively harming rather than

Zerodha sees first-ever degrowth in biz amid market correction

Amid a sharp correction in Indian equity markets, Zerodha is seeing a “massive drop” in the number of traders and trading volumes on its platform. This has led to a degrowth in its business for the first time since its inception, the company’s chief executive officer Nithin Kamath said on a social media post. “We

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

US court rules against Byju’ in $533 million fraud case

A US bankruptcy court has ruled against Byju’s Alpha, Inc and its affiliates in a case involving the fraudulent transfer of $533 million. Judge John T Dorsey of the Delaware Bankruptcy Court issued a summary judgment against key defendants, including Riju Raveendran, Camshaft Capital Fund, LP, and Think & Learn (T&L), which operates as Byju’s.

Byju Raveendran breaks silence alleges collusion between Glas Trust, EY India & IRP

Byju Raveendran, the founder of troubled edtech firm, Byju’s, has spoken out for the first time in months, addressing the company’s financial crisis and legal battles in a LinkedIn post. He directly accused Glas Trust, the trustee for Byju’s US lenders, and the interim resolution professional (IRP) overseeing the company, of actively harming rather than

Zerodha sees first-ever degrowth in biz amid market correction

Amid a sharp correction in Indian equity markets, Zerodha is seeing a “massive drop” in the number of traders and trading volumes on its platform. This has led to a degrowth in its business for the first time since its inception, the company’s chief executive officer Nithin Kamath said on a social media post. “We

Piramal Enterprises hit with Rs 1,502 crore GST demand notice, company says ‘will take appropriate steps’

Piramal Enterprises Ltd. has received a GST demand notice of Rs 1,502 crore, including tax, interest and penalties, from the Deputy Commissioner of State Tax, Maharashtra. According to an exchange filing on Friday, the penalty component amounts to Rs 83 crore. The tax demand pertains to the company’s sale of its pharma business to Piramal

Should you invest in defence stocks in 2025?

In the euphoria of a bull market, every sector, no matter how niche, tends to show an upward trend. Investors and traders often see these market phases as easy money opportunities, where every dip is aggressively bought, and profitable exits seem like a given. When the market cycle turns, the true challenge arises. The once-euphoric