Indian Rupee Hits Historic Low Of 81.18 Against US Dollar In Early Trade
Mohammad Ali (@ChaudhryMAli88) Published September 23, 2022 | 12:00 PM
NEW DELHI (UrduPoint News / Sputnik - 23rd September, 2022) The Indian rupee on Friday continued to lose its value against the US dollar, nosediving to 81.18 rupee per Dollar in early trade, according to trading data.
The BSE Sensex domestic stock market index fell by 591.68 points or 1%, to 58,528.04 points, while the broader NSE Nifty dropped by 175.30 points, or 0.99%, to 17,454.50 points.
On Thursday, the rupee fell to 80.38 against the dollar, recording a drop of 42 paise compared to the last close, the trading data showed.
The rupee fell after the US Federal Reserve on Wednesday raised its key interest rate by 75 basis points to a record 3.
25%, maximum since 2008. The US could go for a further 125 basis point rate hike by the end of the year, according to Federal Reserve Chairman Jerome Powell.
BSE Sensex, also known as the S&P Bombay Stock Exchange Sensitive Index, consists of 30 largest and most actively traded stocks. Sensex is the oldest stock market index in India, founded in 1986.
The NSE NIFTY 50 index is a key index of the Indian Stock Exchange. It represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.
Related Topics
Recent Stories
MoU was signed between Punjab Police, KIPS education system
Russia targets Ukraine railways as Western aid due to arrive
Football: French Ligue 1 table
Miner Anglo American rejects BHP's near $39-billion takeover bid
115 held for selling roti at higher rate
New Zealand cricket CEO visits PSCA, expresses satisfaction over security arrang ..
NAB Lahore holds open court, promises compensations for victims
2 injured over money dispute
At least 10 people killed in Brazil fire: officials
'Transforming Punjab Agriculture' plan to help develop farm sector on modern lin ..
Chairman PRCS engages in humanitarian collaboration with ambassador of Morocco
US stocks rebound on tech earnings, London hits new record
More Stories From Business
-
US stocks rebound on tech earnings, London hits new record
41 minutes ago -
SECP-IFSB workshop highlights Pakistan's progress in Islamic Finance Development
41 minutes ago -
SBP to announce monetary policy on April 29
41 minutes ago -
50pc cut in subsidy of BRT service likely: CM’s aide
2 hours ago -
PSX gains 771 points
2 hours ago -
Pakistan, US hold 7th TIFA meeting to strengthen trade and investment ties
3 hours ago
-
Meeting held to streamline trade between Pak-Afghan , Central Asian Republics
3 hours ago -
Coca-Cola invests an additional $22 million in Pakistan
3 hours ago -
SECP Introduces SECP-XS: A swift complaint resolution platform
3 hours ago -
SBP to announce monetary policy on April 29
2 hours ago -
London stocks hit new record peak on takeovers
2 hours ago -
Rupee sees slight recovery against US dollar
2 hours ago