Rupee declines
The rupee continued to trade weaker against the dollar on Monday, amid surge in dollar demand from importers, dealers said.
The rupee closed at 124.24 against the dollar, compared with the previous closing of 124.04 in the interbank market. Dealers said high demand for the dollar kept pressure on the local unit during the day. “Dollar demand is high, as importers have covered their payments ahead of Eid holidays,” a currency dealer said. The currency market will remain closed from August 21 to 23 on the occasion of Eid-ul-Azha. Dealers see the domestic currency to remain under pressure after Eid. “The rupee could trade at 125 in the weeks ahead,” the dealer added. In the open market, the rupee closed at 123 against the dollar. It ended at 122.60 in the previous trade.
-
Kelsea Ballerini, Chase Stokes Not On Same Page About Third Split: Deets -
Shanghai Fusion ‘Artificial Sun’ Achieves Groundbreaking Results With Plasma Control Record -
Princess Anne Enjoys Andrea Bocelli, Lang Lang Performances At Winter Olympics Opening Ceremony -
Ben Stiller Cherishes Working With Late David Bowie -
Anti-inflammatory Teas To Keep Your Gut Balanced -
Polar Vortex ‘exceptional’ Disruption: Rare Shift Signals Extreme February Winter -
Which Countries Are Worst And Best In Public Sector AI Race? -
Matthew McConaughey Opens Up About His Painful Battle With THIS -
Emma Stone Reveals She Is ‘too Afraid’ Of Her ‘own Mental Health’ -
China Unveils ‘Star Wars’-like Missile Warship For Space Combat -
King Charles Facing Pressure Inside Palace Over 'Andrew Problem' -
Trump Refuses Apology For Video Depicting Obama As Apes Amid Growing Backlash -
Jesy Nelson Reflects On Leaving Girls' Band Little Mix -
World’s First Pokemon Theme Park Opens In Tokyo, Boosts Japan Tourism -
Waymo Trains Robotaxis In Virtual Cities Using DeepMind’s Genie 3 -
5 Simple Rules To Follow For Smooth, Healthy Hair