GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Rupee Hits Record Low, Dealers Say RBI Intervention Mild

The rupee was trading at 70.45 per dollar, compared with its previous close of 70.10 on Tuesday.

Reuters

Updated:August 29, 2018, 12:41 PM IST
facebookTwittergoogleskypewhatsapp
Rupee Hits Record Low, Dealers Say RBI Intervention Mild
(Image for representation only)
Loading...
Mumbai: The rupee touched a record low of 70.475 to the dollar on Wednesday, tracking weakness in Asian peers and on strong month-end dollar demand back home.

The Reserve Bank of India likely sold dollars, though the force was mild, according to two senior forex officials at state-run banks.

"The RBI is not trying to protect any level unlike when the rupee was at 69 and it was trying to protect that level," said one official.

"It is just supplying dollars in small amounts."

The rupee was trading at 70.45 per dollar, compared with its previous close of 70.10 on Tuesday.
| Edited by: Ahona Sengupta
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Jet Airways 346.50 7.98
Yes Bank 191.00 -7.21
Reliance 1,127.40 2.79
ICICI Bank 367.55 -0.66
Indiabulls Hsg 766.20 -4.80
Company Price Change %Gain
Jet Airways 346.85 8.07
Mindtree 837.35 -0.16
Yes Bank 191.30 -7.14
HDFC 1,883.20 1.67
Info Edge 1,370.00 -0.48
Top Gainers
Company Price Change %Gain
Bharti Airtel 332.75 9.31
HCL Tech 1,022.20 3.38
Eicher Motors 24,735.00 3.30
Grasim 831.90 2.87
Reliance 1,127.40 2.79
Company Price Change %Gain
Bharti Airtel 333.60 9.81
Reliance 1,127.50 2.79
HDFC 1,883.20 1.67
SBI 290.30 1.75
Hero Motocorp 2,970.00 1.81
Top Losers
Company Price Change %Gain
Yes Bank 191.00 -7.21
Indiabulls Hsg 766.20 -4.80
JSW Steel 335.10 -2.76
Tata Steel 574.10 -2.59
IOC 143.35 -2.25
Company Price Change %Gain
Yes Bank 191.30 -7.14
Tata Steel 574.10 -2.47
Maruti Suzuki 7,332.05 -2.02
ONGC 156.55 -1.48
Axis Bank 616.80 -1.41

Live TV

Loading...
Loading...