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Indian, global may profit from New Delhi's dollar crunch hh

Global bankers may profit from New Delhi's dollar crunch hh

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Ratan Tata

New Delhi

3 min read Last Updated : Jan 27 2023 | 1:43 PM IST

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The rupee depreciated 39 paise to an all-time low of 82.69 against the US dollar in early trade on Monday as elevated crude oil prices and risk-averse sentiment among investors weighed on the local unit.

Moreover, a negative trend in domestic equities and firm American currency sapped investor appetite, forex traders said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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