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 Munich Metro 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 Munich Metro.
More InformationDUBLIN, Ireland: Irish Rail incurred over 26,000 euros in damages due to a series of graffiti incidents carried out by a 24-year-old...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
DUBLIN, Ireland: Taoiseach Micheál Martin has expressed cautious optimism that the European Union and the United States can strike...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
DUBLIN, Ireland: Despite extreme heat gripping much of mainland Europe, Irish holidaymakers are pressing ahead with their travel plans,...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
MOSCOW, Russia: Just hours after his sudden dismissal by President Vladimir Putin, Russia's former transport minister, Roman Starovoit,...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...