The Indian rupee continued its decline, hitting a new intra-day low of 90.83 against the US dollar on Tuesday. Persistent foreign fund outflows and trade uncertainties are weighing on the currency, despite a recent improvement in the trade deficit. Analysts anticipate continued pressure in the near term due to a delayed trade deal and FII outflows.
Related Posts
Asim Munir gets total power: Pak prez approves appointment as CDF – what it means
President Zardari appointed Army Chief Asim Munir as Pakistan’s first Chief of Defence Forces for five years, following the 27th Constitutional Amendment. This new role […]
Microsoft names new CEO: Nadella steps back from daily ops; commerce gets chief
Microsoft has promoted Judson Althoff to CEO of its commercial business, a significant move allowing CEO Satya Nadella to focus solely on AI innovation and […]
PSBs may remove min balance fines
Following finance ministry concerns over declining low-cost deposits, several public sector banks, including Canara Bank and Punjab National Bank, are scrapping minimum balance penalties on […]