Advertisement
trendingNowenglish1834471https://zeenews.india.com/business/news/finance/so-what-cracked-the-rupee-to-a-27-month-low-find-out-here_1834471.html

So, what cracked the rupee to a 27-month low? Find out here

The Indian rupee on Monday fell by 21 paise to crack the 67-mark and end at a 27-month low against the United States dollar.

Zee Media Bureau

New Delhi: The Indian rupee on Monday fell by 21 paise to crack the 67-mark and end at a 27-month low against the United States dollar.

Interestingly, the Sensex rebound from a 3-month low gaining 106 points. So, what when wrong with the rupee?

ALSO READ: Rupee cracks below 67-mark to hit 27-month low Vs US dollar

Here are some of the reasons by the rupee cracked against the US dollar.

  • Uncertainties over an impending Fed rate hike which is likely to meet this week
  • High demand for US dollar at the Forex market
  • Concerns related to capital outflows in the aftermath of the first interest rate hike by the Fed
  • Dollar trading higher against other major currencies in the global market

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

NEWS ON ONE CLICK