The currency has lost 11 per cent since January 2022, and could weaken further due to rising crude oil prices
The currency has lost 11 per cent since January 2022, and could weaken further due to rising crude oil prices
Foreign Institutional Investors net sellers in the capital markets as they offload shares
Sterling sank 1.2 per cent to $1.1188 after Prime Minister Liz Truss dismissed chancellor of the exchequer
A fall in the crude prices could aid sentiments, but most Asian and emerging market peers were weaker on Thursday morning
Oil prices rose on the back of a 'deep' supply cut by Opec and its allies
The currency strengthened from 64.5 on September 21 to 60.1 on Thursday
Global oil benchmark Brent crude futures surge
The strong dollar is testing the region’s defenses, forcing central banks to use their war chests to prop up their currencies — mainly by buying their own currencies and selling dollars
It opened at 79.70 against the dollar, then touched 79.64 against the American currency, registering a gain of 14 paise over its previous close
Firm American currency and concerns about the hawkish US Fed offset the support from positive Indian equities