July 16, 2026 08:47 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Why introduce a new language in Class 9?' Supreme Court questions Centre's policy | 'Save Sonam Wangchuk's life': Delhi High Court to Centre as hunger strike enters Day 19 | Atul Kulkarni observes one-day fast in support of Sonam Wangchuk, urges Centre to initiate dialogue | Argentina stun England with late rally to storm into FIFA World Cup 2026 final | 'He could die in two days': Delhi HC plea seeks force-feeding of Sonam Wangchuk as fast enters Day 18 | 'Tonight's defeat is hard to take': Emmanuel Macron reacts after France crash out of World Cup, congratulates Spain | Spain cruise past France to storm into FIFA World Cup 2026 final with clinical 2-0 victory | Taslima Nasrin announces Kolkata return after 20 years to attend literary event at Rabindra Sadan | 'We must not watch one of our greatest minds be sacrificed': Zeenat Aman backs Sonam Wangchuk, urges govt to open dialogue | 'I don't want Phunsukh Wangdu to die': '3 Idiots' star Omi Vaidya's emotional appeal for Sonam Wangchuk

Rajan's exit pulls down rupee, but fails to affect market

| | Jun 20, 2016, at 04:42 pm
Mumbai, June 20 (IBNS) Reserve Bank Governor Raghuram Rajan's announcement for exit in September pulled down the rupee nearly by one per cent on Monday to hit 67.68, its lowest in about one month, reports said.

The rupee however made a modest recovery to 67.40 per dollar.

According to market experts, Rajan was the key force behind outperformance of the rupee as his imminent departure from the central bank is being viewed in a negative light by investors.

Rajan had announced on Saturday that he will return to academia after his current three-year term expires in September.

#Raghuram Rajan #rupee #Lowest in about one month #Outperformance of the rupee #Imminent departure

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.
Related Images
Nirmala Sitharaman presents Budget 2025
Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am
In Images: Glimpses from Bengali film Fatafati's premiere
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm