Rupee falls 29 paise to close at all-time low of 83.11 against U.S. dollar
The Hindu
Rupee opened at 83.04 against the dollar, and it finally ended the day at 83.11 (provisional), registering a fall of 29 paise from its previous close
The rupee depreciated 29 paise to settle at an all-time low of 83.11 (provisional) against the U.S. dollar on August 14, weighed down by a strong greenback overseas and firm crude oil prices in the international markets.
Foreign fund outflows also weighed on the local unit, analysts said.
At the interbank foreign exchange, the domestic unit opened at 83.04 against the dollar, and it finally ended the day at 83.11 (provisional), registering a fall of 29 paise from its previous close.
During the session, the local unit touched a peak of 82.94 and a low of 83.11.
On Friday, the domestic unit had settled 16 paise lower at 82.82 against the dollar.
The rupee fell on weak domestic markets and a strong US dollar. India's IIP also grew at a slower pace as compared to the forecast, said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas.
The dollar gained after U.S. PPI data was higher than forecast, and safe haven demand on risk aversion in global markets.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.
Suzlon announces three new AI-enabled smart blade factories, expanding its manufacturing footprint to 20 facilities in India.
Odisha Government terminates Silicon Tech Lab's empanelment for involvement in a recruitment scam and service agreement violations.
Worli, Mumbai, dominates India’s ultra-luxury apartment market, accounting for 40% of transactions worth ₹5,500 crore in two years.
IndiGo faces disruptions due to a hiring freeze, prompting pilots' body to urge regulatory intervention for safe operations.
Nvidia CEO Jensen Huang met separately with U.S. President Donald Trump and Republican senators Wednesday
Rupee falls to 90.43 against the dollar amid RBI's restrained intervention and high importer demand, causing market concerns.
Meta’s poaching of Apple's Alan Dye underscores its push to expand consumer hardware beyond its smart glasses