ANI
12 May 2022, 19:18 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 Asia Pacific Star 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 Asia Pacific Star.
More InformationTOKYO, Japan: U.S. President Joe Biden said this week that he supports calls for Japan to become a permanent member ...
JAKARTA, Indonesia: Indonesia, this week, summoned the UK's ambassador to explain the raising of a gay rights flag at the ...
SAGAING, Myanmar - According to a source close to the victim's family, regime forces shot and killed a third-year medical ...
SHANGHAI, China: The central Shanghai district of Jingan, a key commercial area in China's financial hub, has announced that it ...
WASHINGTON D.C.: A leading U.S. official has said that even if Taiwan is excluded from President Joe Biden's Asian economic ...
LONDON, England: Citing a U.S. official, the Financial Times reported this week that during the Quad summit in Tokyo, the ...
SHANGHAI, China: Tesla plans to restore production at its Gigafactory 3 plant in Shanghai to pre-COVID-19 lockdown levels by this ...
NEW YORK, New York - U.S. stocks rose sharply for a second day Thursday, following a less hawkish outlook by ...
DETROIT, Michigan: As supplies of new cars and light trucks remain tight due to supply chain issues, U.S. consumers are ...
NEW YORK CITY, New York: The market for global online tutoring services is expected to grow from $21 million in ...
SYDNEY, NSW, Australia - Shares across Asia fell on Thursday, with the exception of the Chinese mainland market where modest ...
SANTIAGO, Chile: Easter Island, one of Chile's most important tourist attractions, will reopen to visitors on August 1, the government ...