Rupee breaches 69-per-dollar level; mild intervention from RBI seen [Reuters]
Infosys Limited American Depositary Shares (INFY)
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Source: Reuters
Rupee breaches 69-per-dollar level; mild intervention from RBI seen | Reuters 4 Min Read MUMBAI (Reuters) - The rupee fell to its lowest ever against the U.S. dollar on Thursday on the back of weak macro-economic fundamentals, broad dollar strength overnight and declining Asian peers, but mild intervention from the central bank helped stem losses. Most other Asian currencies also edged down as a trade spat between the United States and China kept investors on edge due to its potential spillover effect. The Reserve Bank of India is suspected to have sold dollars through state-run banks around 69.09 rupee levels, traders said, but they are hopeful of larger dollar sales to prevent sharper falls in the coming days. The partially convertible rupee was trading at 68.93/94 to the dollar at 0802 GMT, after hitting a life low of 69.0950 earlier in the session, and sharply lower than its previous close of 68.65/66. The rupee’s last record low was 68.8650 per dollar, hit on Nov. 24, 2016. The c
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INFY
Earnings
- 4/18/24 - Beat
INFY
Sec Filings
- 4/18/24 - Form 6-K
- 4/2/24 - Form 6-K
- 2/22/24 - Form 6-K
- INFY's page on the SEC website