December 28, 2024 09:00 pm (IST)
Yuan, Rupee plummet amidst growing concerns
New Delhi, Dec 14 (IBNS) The Indian Rupee sank further to hit a new low against US Dollar in the last two years, according to reports.
The Rupee, which now stands at 67.09 against a Dollar, had recorded its lowest point since September 2013.
Also following suit is Chinese Yuan, which hit a new low in 4 and a half years.
The drop is partially due to the plunging oil prices.
The Rupee might take a further dip, if China devalues the Yuan.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
How Income Tax Slabs Influence Your Retirement Savings Plan
Fri, Dec 27 2024
Jio launches Rs 601 plan for unlimited 5G data and gifting
Fri, Dec 27 2024
Tata Group plans 5 lakh jobs; Chairman N Chandrasekaran says gobal supply chains shifting in India's favour
Fri, Dec 27 2024
Air India narrows losses by 60% to Rs 4,444 cr in FY24; CEO Campbell Wilson highlights efficiency drive, merger milestones in 2024
Fri, Dec 27 2024