Home » Business
    Filmi Bollywood
    • Durga Ashtami: Priyanka Chopra, Akshay Kumar, Sushmita Sen & Others Spread The Festive Joy
    • Namaste England First Day Collection: Arjun Kapoor- Parineeti Starrer Fails To Impress
    • Did Sushant Singh Rajput Make Sanjana Sanghi Uncomfortable; Mukesh Chhabra Failed To Back Her?
    • Happy Birthday Sunny Deol: Knowing The Man Beyond 'Dhai Kilo Ka Haath'!
    • 'Aishwarya Rai Bachchan Was Better Than You', When Amitabh Bachchan Told This To Abhishek Bachchan!
    • Kajol: Female-fronted Films Have Become Commercially Viable For Producers
    • Farah Khan On Sajid Khan's Sexual Harassment Allegations: 'The Twitter Trial Must Stop'! #MeToo
    • Making Men Priority Was A Big Mistake: Neena Gupta
    • Rangeela Raja Trailer: Oh Govinda, Why Did You Do This?
    • Lisa Ray Attends Durga Puja With Her Twins In Hong Kong! View Pictures
    • Namaste England Movie Review: Arjun Kapoor-Parineeti Chopra's London Dreams Deserved A Better Plot!
    • Om Puri's 68th Birth Anniversary: The Lesser Known Side Of The Acting Legend!
Rupee Recovers From Record Low Of 74.46 Per US Dollar; Up 18 Paise
Good Returns | 11th Oct, 2018 04:41 PM

Indian rupee rebounded from its fresh all-time low of 74.46 per US dollar on the back of drop in crude oil price and dollar weakening. At 4:14 pm, the domestic currency was trading with gains of 10 paisa or 0.134% at 74.11 against the greenback. On Wednesday, the rupee closed at 74.22 a dollar.

Today, crude prices declined by 1.1% while in yesterday's trade it fell by as much as 2.25% percent. The dollar index, which measures the US currency's strength against a basket of major currencies, was trading at 95.235, down 0.29% from its previous close of 95.508.

A slew of factors led the rupee's drop to record lows in Thursday's session that include global stock market rout and huge foreign fund outflow.

The 10-year benchmark bond yield stood at 7.993% in comparison to its previous close of 8.031%. Bond yields and bond prices share inverse relationship.

Traders in the currency and money markets have a cautious approach just ahead of the IIP and retail inflation data which is due to be released on Friday.

At the same time, market will look for any government intervention to check rupee's free-fall that might include raising funds from NRIs.

Also, sovereign bonds will keep an eye on the impact of RBI's open market operations worth Rs. 12,000 crore which is due later today.

So far, rupee has lost more than 14% in value this year against the US dollar. Foreign investors have sold $3.69 billion and $7.65 billion in the equity and debt markets, respectively.

Health and Life
  • Health Benefits Of Pineberries
  • Malnutrition In Children And Adults: Causes, Effects And Prevention
  • How Can You Live A Long And Healthy Life With Diabetes?
    • Everything You Need To Know About Scoliosis
    • Your Chapped Or Flaky Lips Could Indicate More Than Just Superficial Damage!
    • Global Handwashing Day: Why Hand Hygiene Is Important For Food Safety?
      • 10 Essential Oils For Relieving Gout Pain
      • Tuberous Sclerosis: Causes, Symptoms, Diagnosis And Treatment
      • Things To Know About Inherited Large Intestine And Rectal Cancer
        • What Is Matcha Tea And What Are Its Benefits?
        • Is Fluorescent Light Bad For You? Here's What You Should Know
        • Thyromegaly: Everything You Need To Know
          • Get Rid Of These Cancer-causing Things From Your Room!
          • World Arthritis Day 2018: Dos And Don'ts For Handling Knee Pain
          • What Are The Best Exercises For Obese People?
            • Do You Know The Benefits Of Eating In Metal Utensils?
            • Don't Like Drinking Water? Here Are Other Ways To Stay Hydrated
            • How To Help Someone With Anosognosia?
              • World Sight Day 2018: 7 Best Juices To Protect Your Eyes
              • Can Eczema Be Mistaken For Ringworm?
              • Did You Know Whole Wheat Can Cause These Health Issues?