Katamarayudu telugu movie review | Katamarayudu Movie Review Rating | Katamarayudu Review | Pawan Kalyan Katamarayudu

X
close save
crop image
x
TM
Wed, Sep 26, 2018 | Last Updated 8:25 am IST

Menu &Sections

Search

Indian rupee fell to a record low of 70 against US dollar

Indian rupee fell to a record low of 70 against US dollar
Indian rupee fell to a record low of 70 against US dollar
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

As per latest report the cause of this fall has been attributed to fears over a rise in global protectionist measures, along with a strong US economy.  Accordingly this is the steepest fall for the Indian rupee since September 2013. Meanwhile the rupee has been on the down slide since the beginning of this year and has slipped around 9% in 2018.  Moreover the ongoing currency turmoil in Turkey has dampened investors' sentiments globally and presently investors are turning to the dollar as a safe haven with Turkey’s currency lira crisis continuing since the last week.  



Furthermore yesterday around 11 am, the rupee plunged to Rs 70.08 to a US dollar. However, soon afterwards, the Reserve Bank of India (RBI) is said to have intervened in the open market to curb the rupee's free fall. Meanwhile the intervention aided the rupee stabilize just a tad below 70 to a USD at 69.98 around 11.05 a.m.  

Indian rupee fell to a record low of 70 against US dollar

Economic Affairs Secretary Subhash Chandra Garg told news agency told "There is nothing to worry at this stage and the rupee is depreciating due to external factors which may ease as we go forward”. Further the reports suggest heavy sell-off in global currencies, including Turkish lira, fuelled demand for safe-haven assets and caused the rupee to nosedive.  

Indian rupee fell to a record low of 70 against US dollar

Indian rupee fell to a record low of 70 against US dollar
5/ 5 - (1 votes)
Add To Favourite
More from author
Chennai Snake Park to design App for snake bite treatment
Will TN people join Dr. Tamilisai Soundararajan for nominating PM Modi for Nobel Peace Prize?
Incessant rain triggered flash floods & landslides in Northern India
MD, New VP of India Operations appointed by FB
Bengaluru to receive heavy rain this week
Will Harish get more majority to KCR in the ensuing elections?
TPCC Working President confident SB Congress winning in Telangana
Mother of one of 7 convicts in Rajiv Gandhi assassination case met TN Governor
Telangana Governor follows new way in saving Fuel
Hyderabad Metro Rail carries 85,000 Passengers daily
Baba on moon? Truth or fake?
Arputhammal gives petition to Governor!
Rajinikanth to target November or December!
TN targeted by Maoists?
Gujarat based Pharma company Sterling Biotech involved in 5000 Crore Bank fraud
DoT approached SC for Spectrum Dues
Donald Trump has hit 12% of total US imports by 2018
Karnataka Govt plans to set up free Wi-Fi in 198 wards
Kerala to witness heavy rains for next 48 Hours
Donald Trump and His Adventures in WWE
Hyderabad youngsters stranded in Malaysia
Telangana health coverage model is a robust program covering nearly 80 lakh families
US badly attacked on Military parade in Iran
TPCC Chief & KTR lashed out at Twitter
BJP AP unit challenged CM Chandrababu Naidu for early poll
Is there a political controversy between India & Former French President?
No Bail for Karunas until October 5th!
Madurai express to land in Thiruvarur!
Tanzania boat accident kills more than 200!
Pakistan fan sings Indian National anthem!
AIADMK lawmaker Karunas arrested for making remarks against CM
10,000 to participate in Plant based Festival in Beijing
Pakistan PM disappointed as India cancelled Foreign Minister Level Meet
Trump administration will revoke work permits to H-4 visa users in 3 months
Amazon to sell Shampoos, face pack, medicinal products made from Cow Urine & Dung
136 people died after a ferry capsized on Lake Victoria, Tanzania
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.