₹Rupee at 28-month Low📉

  |   India News

The rupee went down🔻 by 30 paise and is now at ₹67.59/💲 due to dollar demand from importers after the sharp fall📉 in equities. Continuous fall in the price of crude oil🛢, which is now at a 12 year low, have also affected market sentiment. Dealers are preparing for the return of Iranian exports to the market while US🇺🇸 stockpiles increase. The dollar index was also down 0.12% against 6⃣ currencies in the late afternoon, falling 8% against the Japanese Yen for its perceived safety. China🇨🇳 stocks reached bear-market territory, leading to the BSE Sensex falling by📉 317.93 points or 1.28% to 24,455.04. Against the pound sterling, the rupee was at ₹96.90 from overnight close of ₹96.81 and declined🔻 further against the euro to conclude at ₹73.64 from ₹73.57.

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