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Rupee falls sharply to all-time low of 82.33 against dollar

  •   Fri, Oct 07 2022 06:07:12 PM

New Delhi, Oct 7 (IANS): Indian rupee on Friday fell sharply to its all-time low of 82.33 against the dollar owing to a rise in US bond yields and firming up of crude oil prices.

Rupee had closed at 81.89 on Thursday.

It was trading at 82.30 against the dollar in the morning after opening at 82.19 a dollar. Later, it touched an all-time low of 82.33 against the dollar.

The all-time low plunge in the rupee has come a day after the World Bank had on Thursday cut India's growth forecast for this financial year by a full percentage point amid rising inflation and adverse geo-political conditions.

 

 

 
  

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Comment on this article

  • satish, shirva

    Sat, Oct 08 2022

    Achche din for NRI BHAKTHS !!!

    DisAgree [1] Agree [9] Reply Report Abuse

  • MB, Udupi

    Sat, Oct 08 2022

    Where is our Dollar specialist?hiding under the carpet?

    DisAgree [1] Agree [7] Reply Report Abuse

  • Sameer, Riyadh

    Sat, Oct 08 2022

    NRI's, hold on to your money. Don't send it to India. FED may hike interest rates and a solid US job growth and higher yield on bonds will make dollar further stronger. It is 11:37 PM in Riyadh and USD to INR touched 82.83. Just shy of 83. RBI has sold a 110 billion Dollars to save the rupee from the Forex Reserves, yet can't steady the Rupee. Does anyone know where is Nirmala Sitharaman?

    DisAgree [1] Agree [10] Reply Report Abuse

  • Sameer, Riyadh

    Sat, Oct 08 2022

    Rupiya jitne tezi se gir raha hai utni tezi se toh Noida ke Twin towers bhi nahi gire ;) ;) ;). But Andh Bhakts apni 'chaddi buddhi' nahi chodenge. Just a week back read some anpad minister bragging that about Indian Economy and saying 'well' positioned. I don't know which 'well'. Guwell may be? ;) ;) ;)

    DisAgree Agree [8] Reply Report Abuse

  • Fayaz Ahmed, Mangalore/Dubai

    Sat, Oct 08 2022

    They are busy with halal cut burqa pfi dupata act Dear it's very important to show bakts Ohhhhh article 370 cow matha All the best

    DisAgree [1] Agree [6] Reply Report Abuse

  • Gibbs, Udupi/Bengaluru

    Sat, Oct 08 2022

    Wow Our MP & ECONOMISTS KATEEL, IRANI, FM NIRMALA N TRILLION DOLLAR ECONOMY PM N BJP POLITICIANS!!! WHAT GREAT JOB??? DOLLAR FLOURISHING & RUPEE FADING!!! INDIAN FOREIGN RESERVES DWINDLING AND EXPENSIVE ITEM'S, GROCERIES AND EVERYTHING. WOW LONG LIVE BJP GOVERNMENT POLICIES!!!??? GREAT ACHIEVEMENT OF MODI JI GOVERNMENT. MOST INDIANS DONT EVEN GET ENOUGH MONEY TO DRINK CHAI/TEA.

    DisAgree [1] Agree [4] Reply Report Abuse

  • M.Mathias, Mangalore

    Fri, Oct 07 2022

    BJP is making majority of Indians poor.

    DisAgree [1] Agree [5] Reply Report Abuse

  • CA Girishkk, Valencia/M'lore

    Fri, Oct 07 2022

    Testimony to the economic state of affairs of Hindustan... greatly missing educated leadership

    DisAgree [3] Agree [22] Reply Report Abuse

  • Flavian, Mangalore/Kuwait

    Fri, Oct 07 2022

    Not a word from Fin. Minister nor Chai Economis & fin & Foreign ccy exchange specialist Dr. Nalin Kateel.

    DisAgree [5] Agree [19] Reply Report Abuse

  • Flavian, Mangalore/Kuwait

    Fri, Oct 07 2022

    He and his unqualified, inexperienced communal minded disciples fit only promote Hindutva and communal politics. I ndia needsanother 50 years to make up correction to the worse economic position what India is today. Modi's 8 years of reckless governance,

    DisAgree [4] Agree [26] Reply Report Abuse

  • Clifford, Mangalore

    Fri, Oct 07 2022

    All this is the result of mismanagement of finances and inexperienced people handling the economy like a corner shop finance management. All the good and experienced financial experts have left because of political interference. Just by using fekunomics rupee won’t survive in world markets.

    DisAgree [2] Agree [20] Reply Report Abuse

  • TK, dubai

    Fri, Oct 07 2022

    Don't worry. Gutter gas technology will be used to revive the sliding rupee by Supreme leader

    DisAgree [2] Agree [22] Reply Report Abuse

  • Pushkar Vishal, Mangalore

    Fri, Oct 07 2022

    Congratulations

    DisAgree [2] Agree [15] Reply Report Abuse

  • Observer, Mangaluru

    Fri, Oct 07 2022

    I still don't understand why our regular DW bhakths stoop down thier level where they can't even speak up a word against their masters Ranga Billa over worsening 'Bharath Mata's' economy day by day..

    DisAgree [3] Agree [19] Reply Report Abuse

  • geoffrey, hat hill

    Fri, Oct 07 2022

    As per fekunomics weak rupee prior to 2014 was due to corruption. After 2014 it's due to strong dollar and moreover it's a global trend and we are best among the worst.

    DisAgree [3] Agree [35] Reply Report Abuse

  • Prakash Mascarenhas, Uppinangady / Dubai

    Fri, Oct 07 2022

    Thank you, Modiji for your Diwali gift, for all NRI's. "2024 - Modiji Innomme"

    DisAgree [1] Agree [30] Reply Report Abuse

  • Evans alex, Mangalore.

    Fri, Oct 07 2022

    Instead of govt. Moniterin wnd managing the rupee the rupee is left to manage itself wnd moniter our govt.it is a sad situation..this govt was so critical of the earlier economist priminister. now they are put to shame,and eat thier words of criticisem.

    DisAgree [2] Agree [23] Reply Report Abuse

  • Dr. Haneef Shabab, Bhatkal

    Fri, Oct 07 2022

    The natural outcome of replacing Arthshastari with Fekushastari !!! Now bear the brunt.

    DisAgree Agree [40] Reply Report Abuse

  • Dinesh, Dubai

    Fri, Oct 07 2022

    Hatts off Nalin Anna.......!!! Bhakthon Taali bajao.......!!!

    DisAgree Agree [33] Reply Report Abuse

  • Jossey Saldanha, New York

    Fri, Oct 07 2022

    Everyone is abandoning the Indian Rupee & fleeing to London ...

    DisAgree [1] Agree [35] Reply Report Abuse

  • Raman, Mangalore

    Fri, Oct 07 2022

    The oil price excuse cannot be given because huge taxes collected from every litre of diesel .. petrol .. other down stream products .... Further INDIA negotiated a good deal with Russia ... For Russian oil ... with Mr Putin ..at reduced prices .. despite Russia getting banned by the west ... China and India continues to buy .. ..@ discounts .... of course Russia selling gas etc To Europe ..is separate matter not relevant here ... Now we have further pain .. next months .. exports on decline .. .....US ..dollar getting stronger because of interest rate hike by their Fed .. with this. Obviously capital flight ......Not much foreign direct investment.... Foreign investors pulling out from stock market..

    DisAgree Agree [28] Reply Report Abuse

  • Neville, Dubai

    Fri, Oct 07 2022

    Please urgently send SOS to ex Gujarath CM, Who knows why and how currency falls!!!. I have seen some videos where he was giving advise to our Prime minister Mr Manmohan Singh. He was telling currency falls because of government failure. Another solutiion is to ask DK MP who promised his Prine minister and his government will make 1Rs= 15 Dollers.

    DisAgree [1] Agree [32] Reply Report Abuse

  • SachiN, MangalorE

    Fri, Oct 07 2022

    Acche din anevalehe

    DisAgree [1] Agree [27] Reply Report Abuse

  • Rajan, Mangalore

    Fri, Oct 07 2022

    Effects of mismanaging economy -- All bluster -- All Top economists have left -- few names -- as below -- Urjit Patel, Deputy governor Viral Acharya, Arvind Panagariya, Raghuram Rajan and Arvind Subramanian -- Demonetization -- Covid -- Faulty GST -- many other expenses -- write offs -- electioneering -- Horse trading of MP -- MLA's -- all is leading to a distress---- More yes men --

    DisAgree [1] Agree [35] Reply Report Abuse

  • Flavian, Mangalore/Kuwait

    Fri, Oct 07 2022

    Good news NRIs. Betterdays ahead witout douts ! By the end of 2022 Rs. 100 for sure Thanks Modiji. Nalin Kateel your days are counted for wrong predictions.

    DisAgree Agree [47] Reply Report Abuse


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