Lockdown 5.0: Centre may let states decide on restrictions post-May 31
SBI cuts fixed deposit rates by 40 bps; check out new rates
Coronavirus vaccine update: India to begin human trial in next six months, says ICMR
India's GDP to contract 6.8% in FY21 due to coronavirus lockdown: SBI
Himachal Pradesh Extends Lockdown Till June 30
Coronavirus vaccine update: After Moderna, CanSino Biologics claims positive results in early trials
No Exam For Remaining Subjects Of Class 10, Class 12 Exam In June: Madhya Pradesh Chief Minister
International Flights May Start "Even By Middle June": Aviation Minister
Pakistan Plane Crash: PIA Flight With 99 On Board Crashes In Karachi Minute Before Landing
RBI rate cut: For home loan of Rs 50 lakh, EMI to reduce by this much
Coronavirus impact: MSMEs demand loan moratorium till March 2021
Domestic Flights To Resume From Monday In "Calibrated Manner", SOPs Soon
Trump tells WHO to prove 'independence' from China within 30 days; warns freeze on funding
New EPF rules rolled out: 5 things to know
Yogi Government To Send 12,000 Buses To Bring Back Migrants From States
Buses, Autos, Cabs Can Run In Delhi, Markets To Open
States Planning For Lockdown 4, Starting Monday: 10 Points
Nirmala Sitharaman Announces Reforms To Help Farmers Earn Better Prices
Coronavirus Updates: PM Modi to hold high-level meet today; to discuss lockdown 4.0
FM Sitharaman announces Rs 3 lakh crore collateral-free automatic loans for MSMEs

Latest Posts

Rupee Falls To 71.81 Against US Dollar

latest news update

The rupee declined by 27 paise to hit 71.81 against the US dollar at the lowest level recorded on Thursday, amid rising international oil prices and lacklustre trade in domestic equity markets. After starting the session at 71.75 against the greenback, the rupee slipped to as low as 71.80 in the first half of the day. Concerns about the impact of the coronavirus outbreak in China on world economy and sustained foreign fund outflows kept the rupee under pressure, say analysts. 

At 11:03 am, the rupee traded at 71.63 against the greenback, down nine paise compared to its previous close of 71.54. By then, the currency had moved in a range of 71.62-71.81 during the session.

Domestic equity market benchmark indices S&P BSE Sensex and NSE Nifty turned flat in afternoon trade amid lacklustre trade, a day after they jumped more than 1 per cent following four straight days of losses. 

Forex advisory firm IFA Global expects the rupee to move in a range of 71.55-71.85 in the near term with an upside bias. "Crude prices have risen on account of supply concerns from US sanctioning Rosneft trading for maintaining toes with Venezuela and due to deepening political crisis in Libya," IFA Global said in a note.

China reported a large drop in new cases of coronavirus but that came together with a jump in infections in South Korea, two apparent deaths in Japan and researchers finding that the virus spreads more easily than previously believed. 

China had 394 new cases on Wednesday, the lowest since Jan. 23. More than 2,100 people have died from the coronavirus in China, with eight deaths in other countries but not including the two from the quarantined cruise ship in Japan.

More than 2,100 people have died from the coronavirus in China, spreading to more than two dozen countries, and governments around the world are trying to prevent it from becoming a global pandemic.

China cut its benchmark lending rate on Thursday, as anticipated, adding to a slew of measures in recent weeks aimed at cushioning the virus' impact on the economy.

Crude oil prices added to overnight gains with benchmark Brent last seen trading 0.27 per cent lower at $59.28.

Domestic forex markets remained shut on Wednesday, February 19, for Chhatrapati Shivaji Maharaj Jayanti, and will also be closed on Friday for Mahashivratri.

Meanwhile, foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 190.66 crore on Wednesday, according to provisional data from the NSE.


Alert Message

Please Wait...

Share the Opinion Poll with your Friends At


Share the Survey with your
Friends At