About Us Contributors Let's Talk Subscribe Sitemap
Qrius
  • Culture & Society
  • Economy
  • Politics
  • Science & Technology
  • Content Services
  • Culture & Society
  • Economy
  • Politics
  • Science & Technology
  • Content Services
13 Jun, 22
13 Jun, 22
currency, dollar to rupee, highest currency to inr

Rupee slips to all-time low against US Dollar…

The rupee slipped 36 paise to its all-time low of 78.29 against the U.S. dollar in early trade on June 13, as investors flocked to safer investments

By Qrius

The US Dollar gained ground on most currency indices

The Indian rupee on Monday weakened beyond the 78 mark for the first time to hit an all-time low against the US dollar, as global equities and currency markets saw a downturn. 

Persistent foreign capital outflows, rising commodity prices and inflation weighed on investor sentiments, as global outlook switched to risk-adverse conditions.

At the interbank foreign exchange, the rupee opened at 78.20 against the American dollar, then lost ground to quote at 78.29 — its record low level, registering a fall of 36 paise from the last close.

On Friday, the rupee was on a downward trend, tumbling 19 paise to close at a fresh lifetime low of 77.93 against the U.S. dollar.

The dollar index, which gauges the US currency against a basket of global currencies, was trading 0.30 per cent higher at 104.45.

On the domestic equity market front, the 30-share Sensex was trading 1,461.54 points or 2.69 per cent lower at 52,841.90, while the broader NSE Nifty tanked 418.95 points or 2.59 per cent to 15,782.85.

Foreign institutional investors offloaded equity worth INR 3,973.95 crore, as per stock exchange data.


Stay updated with all the insights.
Navigate news, 1 email day.
Subscribe to Qrius

what is qrius

Qrius reduces complexity. We explain the most important issues of our time, answering the question: "What does this mean for me?"

daily updates in your inbox

Start your mornings with the acclaimed 'Qrius Mornings' newsletter that gives you our best article of the day right in your inbox.

Featured articles

1

empire state building facts

What Happens If You Drop A Penny From The Top Of The Empire State Building?
2

characteristics of arthropoda

Are spiders the most ‘stylish’ of the arthropods??
3

clitoris

The Clitoris: From ‘New and Useless’ to the Centre of the ‘Pleasure Vs Procreation’ Debate
4

National security

‘Main Single Hi Best’: Why are more people choosing to remain single nowadays?
5

Culture and Society

Quorum: Why do my friends criticize me when I am doing well?
6

Snowfall in Chennai

Snowfall and the Myth of the ‘Chennai Freeze’
7

algorithm

Are algorithm managers the new horrible bosses?
8

Culture

Qrius Quotient: Ganesh Chaturthi 101 for the new joiners
9

Indian flag

Qrius Quotient: Tribute To Pingali Venkayya, Designer Of The National Flag
10

India

New National Emblem: Have the ‘peaceful’ lions of the Ashoka emblem become ‘angry’?
About Us Contributors Let's Talk Subscribe Sitemap
2018 QRIUS. All Rights Reserved