Rupee drops past 84/USD on equity outflows, oil prices

October 11, 2024

The Indian rupee fell below 84 per U.S. dollar for the first time due to rising oil prices, foreign equity outflows, and reduced hopes of a major U.S. rate cut. Despite RBI interventions, the rupee’s near-term outlook worsened, with Brent crude prices up over 10% in October.

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The Securities and Exchange Board of India (SEBI) has dismissed settlement applications filed by Zee Entertainment and Punit Goenka. The regulator has referred the matter

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Sunil Singhania’s Abakkus backed Caliber Mining and Logistics files DRHP for Rs 600 crore IPO

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