ANI
12 May 2022, 14:48 GMT+10
Mumbai (Maharashtra) [India], May 12 (ANI): The Indian rupee slumped to a new record low of 77.59 against the US dollar on Thursday, tracking losses in other Asian currencies.
At the interbank foreign exchange market, the Indian currency opened at 77.56 against a dollar and slipped to a low of 77.59 in the morning trade against its previous day's close of 77.23.
The Indian currency has slumped tracking losses in other Asian peers.
Foreign institutional investors have pulled money out of the Indian equities markets in recent weeks. This has led to the weakness in the Indian currency and a sharp drop in the equities markets.
Indian stock markets' key indices, Sensex and Nifty, slumped by more than two per cent on Thursday.
The key indices were trading in the red for the fifth straight session. (ANI)Get a daily dose of Kolkata Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.
More InformationDUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...
ECAULT BEACH, France: On clear days, the white cliffs of the United Kingdom, are visible from northern France, where men, women, and...
ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...
RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
(Photo credit: Kiyoshi Mio-Imagn Images) Left-hander Sean Manaea finally appears set to make his season debut for the New York Mets....