Categories: Business

Rupee erases previous gains, tumbles 20 paise against US dollar

The Indian rupee opened weaker against the US dollar on Wednesday. Rising crude oil prices and geopolitical events impacted currency markets. The dollar index strengthened, and Brent crude futures climbed significantly. Domestic stock markets also mirrored this cautious sentiment, opening lower. Foreign institutional investors remained net buyers of equities on Tuesday.

The News Vista

Share
Published by
The News Vista

Recent Posts

Mamdani’s team sends memo to ‘upset’ New Yorkers over million-dollar home tax

In a recent development, New York City's Finance Commissioner delivered a memo about the pied-à-terre…

1 hour ago

AI ‘Godfather’ Yann LeCun wants AI to solve his ‘bedroom problem’

Yann LeCun desires AI models to perform physical tasks beyond writing essays. He aims to…

1 hour ago

‘Economic D-Day’: US ‘enters endgame’ against Iran; Tehran threatens Gulf oil blockade

The United States is gearing up for an extensive financial campaign aimed at Iran, introducing…

1 hour ago

Oil prices slip over $1 as US weighs ‘D-Day’ Iran sanctions; Strait of Hormuz shipping risks in focus

In the lead-up to impending US sanctions on Iran, oil prices fell as investors capitalized…

1 hour ago

Woman stabs husband, tries to bag his intestines, jumps off roof as landlord walks in

A 40-year-old man was allegedly killed by his wife in a knife attack. The woman…

1 hour ago