Rupee Closes at Another Record Low
Financial Express Ahmedabad|January 03, 2025
The rupee closed at its weakest closing level on record for the eighth consecutive session on Thursday, as a widened arbitrage between the non-deliverable and outright forwards market added to the currency's troubles.
JASPREET KALRA

The domestic currency closed at 85.7525 against the dollar, down 0.1% on the day.

While the rupee hit a low of 85.79 during the session, it avoided deeper losses on the back of likely dollar-selling intervention by the Reserve Bank of India, traders said.

This story is from the January 03, 2025 edition of Financial Express Ahmedabad.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the January 03, 2025 edition of Financial Express Ahmedabad.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS AHMEDABADView All
Financial Express Ahmedabad

LTIMindtree hopeful of sustaining growth momentum going ahead

FY26 TO OUTPERFORM FY25, SAYS MD & CEO

time-read
1 min  |
January 20, 2025
Financial Express Ahmedabad

These Men in Blue break boundaries for the disabled

ON JANUARY 7 this year, a 17-member Indian cricket team was given a warm send-off for a four-nation Champion Trophy tournament in Sri Lanka.

time-read
2 mins  |
January 20, 2025
Financial Express Ahmedabad

Where developers reside, innovation blooms

There are over 17 million developers in India building on GitHub, representing an increase of 28% in 2024, and making India the fast-growing developer community in the world.

time-read
1 min  |
January 20, 2025
Financial Express Ahmedabad

Tech firms face setback as Wi-Fi spectrum allocation plan nixed

DoT DECISION MAY DELAY ADOPTION OF NEXT-GENERATION DEVICES

time-read
2 mins  |
January 20, 2025
Financial Express Ahmedabad

India-Oman FTA talks nearing completion

INDIA NOT SEEKING DUTY CONCESSIONS ON LIQUOR, CIGARETTES

time-read
1 min  |
January 20, 2025
Financial Express Ahmedabad

Reliance steps up distribution push as FMCG vertical grows

THE FAST-MOVING CONSUMER goods (FMCG) arm of Reliance, which has touched ₹8,000 crore in topline for the first nine months of FY25, will expand distribution in north and west India, sources have told FE.

time-read
1 min  |
January 20, 2025
Financial Express Ahmedabad

'America First' stalls bond issuance bonanza in EMs

A RECORD START to the year for emerging-market bond sales is at risk of fizzling as high Treasury rates hamper weaker credits from tapping international capital.

time-read
1 min  |
January 20, 2025
Financial Express Ahmedabad

Diplomacy just as vital as expertise to run restaurant

I have two pieces of pat advice for anyone rash enough to approach me for counsel. First, never speak to the press. Second, don't open a restaurant.

time-read
3 mins  |
January 20, 2025
Financial Express Ahmedabad

From chaos to control

DocketRun AloT solutions enhance safety & productivity

time-read
2 mins  |
January 20, 2025
Financial Express Ahmedabad

ArcelorMittal Nippon Steel's two new output lines to boost auto biz

ARCELORMITTAL NIPPON STEEL (AM/NS) India is looking to give a boost to its automotive steel business with the scheduled commissioning of two production lines dedicated to manufacturing advanced automotive steel products.

time-read
1 min  |
January 20, 2025