Rupee declines by 8 paise to trade at 16-month low level
The Hindu
The rupee had tanked to a 16-month low of 75.60 against the U.S. dollar on Thursday due to unabated foreign fund outflows amid growing concerns over the Omicron virus
The rupee declined further by 8 paise to a fresh 16-month low level of 75.68 in early trade on Friday due to continued foreign found outflows and losses in the stock market.
At the interbank foreign exchange market, the rupee opened lower at 75.65 against the previous close of 75.60 and fell further to a low of 75.68, down by 8 paise, in early morning deals.
The rupee had tanked to a 16-month low of 75.60 against the U.S. dollar on Thursday due to unabated foreign fund outflows amid growing concerns over the Omicron virus and interest rate hike by the U.S. Federal Reserve to rein in inflation.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.