• Latest
  • Trending
  • All
  • India
  • Business
  • Politics
  • World
  • Lifestyle
  • Technology
Rupee Closes At All-Time Low Of 82.33 Against The Dollar

Rupee Closes At All-Time Low Of 82.33 Against The Dollar

October 7, 2022
Why saving 30% of your income isn't always possible, CA explains

Why Saving 30% Of Your Income Isn’t Always Possible, CA Explains

June 27, 2025
Sagar Wali Qawwali on modernising qawwali to appeal to Gen Z: I present qawwali the way I understand music

Sagar Wali Qawwali On Modernising Qawwali To Appeal To Gen Z: I Present Qawwali The Way I Understand Music

June 27, 2025
Rekha's regal look to Janhvi Kapoor in classic suit: Stars show how to rock latest anarkali styles at Umrao Jaan event

Rekha’s Regal Look To Janhvi Kapoor In Classic Suit: Stars Show How To Rock Latest Anarkali Styles At Umrao Jaan Event

June 27, 2025
Nothing Phone 3 has 50MP periscope camera, Nothing confirms ahead of July 1 launch

Nothing Phone 3 Has 50MP Periscope Camera, Nothing Confirms Ahead Of July 1 Launch

June 27, 2025
ICC defines exact powerplay overs in shortened T20s after Test rules overhaul

ICC Defines Exact Powerplay Overs In Shortened T20s After Test Rules Overhaul

June 27, 2025
Tensions in UP's Etawah over tonsuring row: stone pelting on cops, 19 detained

Tensions In UP’s Etawah Over Tonsuring Row: Stone Pelting On Cops, 19 Detained

June 27, 2025
'One country wanted no reference to terror': Jaishankar backs Rajnath's SCO move

‘One Country Wanted No Reference To Terror’: Jaishankar Backs Rajnath’s SCO Move

June 27, 2025
Annamalai to get national role, but continue work in Tamil Nadu, says Amit Shah

Annamalai To Get National Role, But Continue Work In Tamil Nadu, Says Amit Shah

June 27, 2025
Diljit Dosanjh reacts to criticism of speaking only about Punjab, not India

Diljit Dosanjh Reacts To Criticism Of Speaking Only About Punjab, Not India

June 26, 2025
Nora Fatehi's Androgynous Beige Suit Is Here To Stay And Slay The Paris Fashion Week

Nora Fatehi’s Androgynous Beige Suit Is Here To Stay And Slay The Paris Fashion Week

June 26, 2025
Shubman Gill will only get better as Test captain: Chappell backs India skipper

Shubman Gill Will Only Get Better As Test Captain: Chappell Backs India Skipper

June 26, 2025
Intel to lay off most employees as it winds down automotive division in latest downsizing push

Intel To Lay Off Most Employees As It Winds Down Automotive Division In Latest Downsizing Push

June 26, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, June 27, 2025
No Result
View All Result
Daily News Broadcast India
  • India
    • All
    • Politics
    Tensions in UP's Etawah over tonsuring row: stone pelting on cops, 19 detained

    Tensions In UP’s Etawah Over Tonsuring Row: Stone Pelting On Cops, 19 Detained

    'One country wanted no reference to terror': Jaishankar backs Rajnath's SCO move

    ‘One Country Wanted No Reference To Terror’: Jaishankar Backs Rajnath’s SCO Move

    Annamalai to get national role, but continue work in Tamil Nadu, says Amit Shah

    Annamalai To Get National Role, But Continue Work In Tamil Nadu, Says Amit Shah

    At UN Security Council, India Exposes Pak For Terrorism, Child Rights Abuses

    At UN Security Council, India Exposes Pak For Terrorism, Child Rights Abuses

    Maharashtra Government Announces Reduction In Power Tariffs

    Maharashtra Government Announces Reduction In Power Tariffs

    Who said it? Karnataka Home Minister's U-turn after 'we have no money' remark

    Who Said It? Karnataka Home Minister’s U-turn After ‘We Have No Money’ Remark

    India evacuates nearly 3,000 nationals from Iran and Israel

    India Evacuates Nearly 3,000 Nationals From Iran And Israel

    India debunks social media claims that US used its airspace to launch strikes against Iran

    India Debunks Social Media Claims That US Used Its Airspace To Launch Ctrikes Against Iran

    Jagan’s vehicle ‘crushes YSRCP supporter’ who was showering petals, Andhra police begin probe as video goes viral

    Jagan’s Vehicle ‘Crushes YSRCP Supporter’ Who Was Showering Petals, Andhra Police Begin Probe As Video Goes Viral

    PM Modi speaks with Iran President Masoud Pezeshkian, reiterates call for ‘immediate de-escalation, dialogue’

    PM Modi Speaks With Iran President Masoud Pezeshkian, Reiterates Call For ‘Immediate De-escalation, Dialogue’

    Trending Tags

    • Politics
  • Entertainment
    Sagar Wali Qawwali on modernising qawwali to appeal to Gen Z: I present qawwali the way I understand music

    Sagar Wali Qawwali On Modernising Qawwali To Appeal To Gen Z: I Present Qawwali The Way I Understand Music

    Diljit Dosanjh reacts to criticism of speaking only about Punjab, not India

    Diljit Dosanjh Reacts To Criticism Of Speaking Only About Punjab, Not India

    Uorfi Javed's sister Dolly slams Sufi Motiwala for verbally abusing sister on The Traitors: ‘You're such a hypocrite’

    Uorfi Javed’s sister Dolly slams Sufi Motiwala for verbally abusing sister on The Traitors: ‘You’re such a hypocrite’

    Diljit Dosanjh's Sardaarji 3, Featuring Hania Aamir, Skips India Release Amid Tensions With Pakistan

    Diljit Dosanjh’s Sardaarji 3, Featuring Hania Aamir, Skips India Release Amid Tensions With Pakistan

    Jennifer Lopez and Ben Affleck Are Expected to Divide the Profits From a $68 Million Los Angeles Mansion That Remains Unsold After Six Months

    Jennifer Lopez and Ben Affleck Are Expected to Divide the Profits From a $68 Million Los Angeles Mansion That Remains Unsold After Six Months

    Kareena Kapoor Will Pay Tribute to Her Grandfather Raj Kapoor at Iifa 2025, Describing the Occasion as a “Surreal Moment.”

    Kareena Kapoor Will Pay Tribute to Her Grandfather Raj Kapoor at IIFA 2025, Describing the Occasion as a “Surreal Moment.”

    Saif Ali Khan and Kareena Kapoor Request That Paparazzi Refrain From Taking Photographs of Their Children, Taimur and Jeh, in Light of Recent Security Measures

    Saif Ali Khan and Kareena Kapoor Request That Paparazzi Refrain From Taking Photographs of Their Children, Taimur and Jeh, in Light of Recent Security Measures

    Rakhi Sawant Has Confirmed Her Third Marriage to Pakistani Actor Dodi Khan. “We Have a Mutual Affection for One Another.”

    Rakhi Sawant Has Confirmed Her Third Marriage to Pakistani Actor Dodi Khan. “We Have a Mutual Affection for One Another.”

    The Controversy Surrounding Chhaava: What Was the Objection to Vicky Kaushal’s Film?

    The Controversy Surrounding Chhaava: What Was the Objection to Vicky Kaushal’s Film?

    ‘Explosion Explosion Bumrah!’: Coldplay’s Tribute to Jaspreet Bumrah in Ahmedabad Concert Captures Hearts

    ‘Boom Boom Bumrah!’: Coldplay’s Tribute to Jaspreet Bumrah in Ahmedabad Concert Captures Hearts

  • Lifestyle
  • Sports
  • Business
  • Technology
  • World
  • Videos
  • Covid19
  • Opinion
DNB india
No Result
View All Result
Home Business

Rupee Closes At All-Time Low Of 82.33 Against The Dollar

by DNB ind News Desk
October 7, 2022
in Business
0
Rupee Closes At All-Time Low Of 82.33 Against The Dollar
4
SHARES
12
VIEWS
Share on FacebookShare on TwitterShare to Whatspp

The currency opened at 82.19 and touched an all-time low of 82.33 early in the day, and did not recover.

New Delhi: The rupee plunged by 16 paise to close at an all-time low of 82.33 against the US currency on Thursday due to a surge in US bond yields, risk-averse sentiment among investors, and firm crude oil prices. 

The home currency was trading at 82.30 a dollar at 9:30 am, down 0.5% from its previous close of 81.89. The currency opened at 82.19 and touched an all-time low of 82.33 early in the day, and did not recover.

On Thursday, the Indian currency for the first time closed below the 82 level against the greenback. It plunged 55 paise to close at a record low of 82.17 against the US currency.

“An uptick in crude prices has caused concerns around the trade deficit to resurface. US rates staying higher for longer is not helping the capital account,” IFA Global Research Academy said in a note.

Moreover, the Reserve Bank of India (RBI) seems to have become conservative in spending reserves, it said, adding that these factors are causing the rupee to adjust.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.14 per cent down at 112.10.

A Reuters poll has said the rupee will trade near its record low against the mighty greenback beyond this year, buffeted by rising oil prices and an aggressive U.S. Federal Reserve rate-hiking campaign.

The rupee has fallen over 10% this year and reached an all-time low of 82.33 per dollar on Friday, news agency PTI reported, even though the Reserve Bank of India continues to sell its forex reserves to defend the local currency.

While it found brief respite after the RBI delivered its fourth consecutive interest rate hike last week, a widening trade deficit driven by rising oil prices and a slowdown in exports have dragged the rupee down.

On Wednesday, a cartel of oil producers led by Saudi Arabia agreed to drastic production cuts, sending Brent Crude futures to a three-week high of $93.99 per barrel.

That rise in crude prices will add to the country’s inflation trouble and the widening current account deficit (CAD) as India imports over 80 per cent of its oil needs. 

The greenback, which has been rising this year in what seems to be an irreversible trend, fell on Thursday, encouraging some risk-taking and helping the commodities complex, where oil was trading around its highest level in three weeks.

Related

Tags: currencyDollarindian RupeeRupee
Share2Tweet1Send
DNB ind News Desk

DNB ind News Desk

  • Trending
  • Comments
  • Latest
Yamaha MT-15 V2.0 launched in India, priced at Rs 1.60 lakh

Yamaha MT-15 V2.0 launched in India, priced at Rs 1.60 lakh

April 12, 2022
Shilpa Shetty to Tejasswi Prakash, These Stars Live Life Queen Size

Shilpa Shetty to Tejasswi Prakash, These Stars Live Life Queen Size

April 15, 2022
Saina Nehwal’s CWG and Asian Games title defense under threat due to THIS reason

Saina Nehwal’s CWG and Asian Games title defense under threat due to THIS reason

April 12, 2022

COVID-19 update: India records 7,579 new cases, 236 deaths in last 24 hours

0

Team India vice-captain Cheteshwar Pujara to carry ‘fearless mindset’ from England into NZ Tests

0

Breaking: Andhra Pradesh Assembly passes resolution, asks Centre for caste-based census of backward classes

0
Why saving 30% of your income isn't always possible, CA explains

Why Saving 30% Of Your Income Isn’t Always Possible, CA Explains

June 27, 2025
Sagar Wali Qawwali on modernising qawwali to appeal to Gen Z: I present qawwali the way I understand music

Sagar Wali Qawwali On Modernising Qawwali To Appeal To Gen Z: I Present Qawwali The Way I Understand Music

June 27, 2025
Rekha's regal look to Janhvi Kapoor in classic suit: Stars show how to rock latest anarkali styles at Umrao Jaan event

Rekha’s Regal Look To Janhvi Kapoor In Classic Suit: Stars Show How To Rock Latest Anarkali Styles At Umrao Jaan Event

June 27, 2025
Daily News Broadcast India

Copyright © 2023 Daily News Broadcast India.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • India
    • Politics
    • Business
    • World
  • Entertainment
    • Sports
  • Covid19
  • Business
  • Technology
  • Lifestyle

Copyright © 2023 Daily News Broadcast India.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?