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

Rupee Hits All-time Low of 69.12 Against US Dollar

Indian rupee collapsed to a life-time low of 69.12 against the US dollar after the Chinese central bank weakened its daily reference rate for the yuan by the most in two years.

PTI

Updated:July 20, 2018, 10:28 AM IST
facebookTwittergoogleskypewhatsapp
Rupee Hits All-time Low of 69.12 Against US Dollar
(Illustration by Mir Suhail)
Loading...
Mumbai: Continuing its slide for the third session, the rupee on Friday collapsed to a life-time low of 69.12 against the US dollar after the Chinese central bank weakened its daily reference rate for the yuan by the most in two years.

The yuan dropped further by 0.28 per cent to 6.7943 per dollar, its lowest levels in a year following a rising slump in recent weeks as the trade war between US and China brewed.

At the interbank foreign exchange market, the rupee opened higher at 69 a dollar against 69.05 previously.

However, following the plunge in the yuan, the domestic currency fell to an all-time intra-day low of 69.12 against the American currency, showing a fall of 7 paise.

The rupee's previous all-time intra-day low was 69.10, touched on June 28.

A mad rush for dollar was witnessed as importers expected further erosion in the rupee value, forex dealers said.

on Thursday, the rupee took a hard 43-paise knock to close below the 69 level for the first time at a historic low of 69.05 against the US currency as upbeat comments on the US economy by the Federal Reserve chairman drove the greenback to one-year high levels higher against global currencies.

Meanwhile, foreign Portfolio Investors (FPIs) sold shares worth a net of Rs 315.69 crore yesterday, provisional data showed.

The benchmark BSE Sensex rose by 71.68 points, or 0.20 per cent, at 36,422.91 in early trade on Friday.

Also Watch

Read full article
Loading...
Most Active
Company Price Change %Gain
Sun Pharma 623.50 +3.80 +0.61
Axis Bank 627.30 +3.85 +0.62
ICICI Bank 340.00 +5.70 +1.71
ITC 313.75 +6.30 +2.05
SBI 302.10 +9.40 +3.21
Company Price Change %Gain
RITES 310.00 +25.15 +8.83
Sun Pharma 623.30 +3.70 +0.60
Axis Bank 627.10 +3.25 +0.52
SBI 302.00 +9.30 +3.18
Tata Steel 580.60 +12.50 +2.20
Top Gainers
Company Price Change %Gain
Grasim 1,045.85 +46.40 +4.64
Yes Bank 393.20 +14.75 +3.90
Lupin 881.25 +31.50 +3.71
SBI 302.10 +9.40 +3.21
Vedanta 215.20 +6.40 +3.07
Company Price Change %Gain
Yes Bank 392.95 +14.25 +3.76
SBI 302.00 +9.30 +3.18
Vedanta 215.00 +6.45 +3.09
HUL 1,780.80 +45.60 +2.63
Tata Motors 257.35 +6.20 +2.47
Top Losers
Company Price Change %Gain
GAIL 387.70 -6.10 -1.55
Hero Motocorp 3,242.30 -40.35 -1.23
Eicher Motors 28,476.15 -327.70 -1.14
ONGC 163.05 -1.40 -0.85
Maruti Suzuki 9,152.10 -48.45 -0.53
Company Price Change %Gain
Hero Motocorp 3,248.60 -37.50 -1.14
ONGC 163.10 -1.00 -0.61
Maruti Suzuki 9,148.30 -53.65 -0.58
Coal India 281.20 -1.25 -0.44
HDFC 1,883.60 -7.30 -0.39
Loading...
Loading...