Home Market
Market

Rupee hits record low as dollar index shines

By admin
0
3
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

Previous articleWill Budget 2025 remove the 30% tax slab for taxpayers in India?
Next articleDonald Trump raised millions from Coinbase, Crypto.com, other crypto firms for his inauguration: Report
adminhttps://businesstimes.co

Related Articles

Money

Will Budget 2025 bid farewell to the Old Tax Regime?

admin - 0
A day ahead of Budget 2025, speculation is high on whether the old tax regime will be discontinued, making way for the new tax regime as the sole option—potentially with greater flexibility and lower tax liabilities for taxpayers. Since the introduction of the new tax regime in the Union Budget 2020, India’s tax landscape has
Read more
Industry

Vedanta Q3 Results: Profit surges by 70.01% to Rs 4,876 crore, posts highest ever Q3 EBITDA at Rs 11,284 crore

admin - 0
Vedanta Limited on Friday posted a profit of Rs 4,876 crore during the third quarter of FY25, recording a growth of 70.01 per cent in comparison to Rs 2,868 crore during the same period of previous financial year. It reported revenue from operations at Rs 38,526 crore, up 10.18 per cent as against Rs 34,968
Read more
Market

Markets give a thumbs up to call for deregulation! Sensex and Nifty surge over 1% led by Tata Consumer, Nestle India

admin - 0
The Indian stock market saw a positive close on Friday, with both the Sensex and Nifty continuing their upward movement following the release of the Economic Survey 2024-25. The benchmark index, Sensex, surged by 813.16 points, or 1.06%, ending the day at 77,572.97. Similarly, the NSE Nifty 50 rose by 285.20 points, or 1.23%, to
Read more

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Money

Will Budget 2025 bid farewell to the Old Tax Regime?

admin - 0
A day ahead of Budget 2025, speculation is high on whether the old tax regime will be discontinued, making way for the new tax regime as the sole option—potentially with greater flexibility and lower tax liabilities for taxpayers. Since the introduction of the new tax regime in the Union Budget 2020, India’s tax landscape has
Read more
Industry

Vedanta Q3 Results: Profit surges by 70.01% to Rs 4,876 crore, posts highest ever Q3 EBITDA at Rs 11,284 crore

admin - 0
Vedanta Limited on Friday posted a profit of Rs 4,876 crore during the third quarter of FY25, recording a growth of 70.01 per cent in comparison to Rs 2,868 crore during the same period of previous financial year. It reported revenue from operations at Rs 38,526 crore, up 10.18 per cent as against Rs 34,968
Read more
Market

Markets give a thumbs up to call for deregulation! Sensex and Nifty surge over 1% led by Tata Consumer, Nestle India

admin - 0
The Indian stock market saw a positive close on Friday, with both the Sensex and Nifty continuing their upward movement following the release of the Economic Survey 2024-25. The benchmark index, Sensex, surged by 813.16 points, or 1.06%, ending the day at 77,572.97. Similarly, the NSE Nifty 50 rose by 285.20 points, or 1.23%, to
Read more
Market

Why is the stock market rallying? Here are 3 reasons…

admin - 0
The Indian stock market is on an upward trend today, January 31, ahead of the Union Budget 2025, which will be presented by Finance Minister Nirmala Sitharaman tomorrow, February 1. The market has given a thumbs up to the CEA’s call for deregulation both at Centre and State level and need for domestic growth drivers.
Read more
Market

Biocon shares up 4% despite sharp fall in profit, find out why?

admin - 0
The share price of Biocon rose almost 4% to an intra-day high of Rs 370.90 despite reporting a fall of 96.2% year-on-year in the third quarter of FY25. The company reported a net profit of Rs 25.1 crore in Q3 FY25. The surge in stock price came as the company reported a net profit in
Read more
Load more
© businesstimes.co