Brief by Shorts91 Newsdesk / 10:06am on 20 Jun 2024,Thursday India
The Indian rupee weakened to a record low of 83.48 against the US dollar due to a strong American currency and increasing global crude oil prices. At the interbank market, the rupee opened at 83.43 before sliding further. Forex experts attributed the decline to subdued domestic equity markets despite continued foreign capital inflows. Anand James from Geojit Financial Services noted the rupee's momentum was halted by external factors, including the dollar index rising marginally. Meanwhile, in local markets, the BSE Sensex dropped 72.43 points, while the NSE Nifty fell by 30.25 points amidst mixed investor sentiment.
