Rupee fall due to external factors: Government

Rupee Hits All Time Low Against USD 10 Things To Know

The rupee has been among the worst performing currencies against the dollar compared with its peers so far this year. Previously, the rupee had dropped 2.4 percent or 148 paise in a single day in August 2013.

A weak trend in Asia coupled with sell-offs on Wall Street last week and a slump in the Turkish lira dampened the sentiment globally, brokers said.

An ET poll in June had said rupee could touch 70 to the U.S. dollar by December-end amid global policy uncertainties. "As currencies of other economies are also depreciating, intervention by the Reserve Bank of India (RBI), by selling dollars in the country, will not help much at this stage for stabilising the rupee", Garg told reporters.

North and South Korean leaders to meet in Pyongyang in September
Moon was part of the South Korean delegation which travelled to Pyongyang for the second inter-Korean summit held in October 2007. South Korean unification minister Cho Myoung-gyon would only said officials still had work to do before agreeing on a date.

The reason behind the fall in rupee was because of the drop in Turkish Lira, and the United States dollar gaining rapid strength amid fears that the economic crisis in Turkey could spread to other global economies.

Panic and capitulation overshadowed trading mood as traders and speculators saw no signs that monetary authorities would step into the foreign exchange market to support the domestic unit.

The Indian rupee, which has been facing headwinds caused by a rise in crude oil prices and a hardening U.S. dollar, continued its slide against the USA currency on Monday.

Related News:

  • Injuries, suspensions and line-up vs Manchester City

    Injuries, suspensions and line-up vs Manchester City

    Liverpool undoubtedly look like a stronger side, but have they done enough to close the 25-point gap between themselves and City? Manchester City manager Pep Guardiola says he is relaxed about his team being Premier League title favourites once again.
    Deflategate Part 2: NFL Investigating Steelers Use of Deflated Balls in Preseason

    Deflategate Part 2: NFL Investigating Steelers Use of Deflated Balls in Preseason

    Less than 12 hours later, the NFL sent a memo to reporters at the league owned network that basically said, "nothing to see here". There was optimism surrounding the move, with Oakland coach Jon Gruden lauding the quarterback back in his ESPN days.

    Turkey takes action in bid to curb currency crisis

    Banks weren't far behind, with Commonwealth Bank down 0.6 per cent at $74.94, Westpac down 0.5 per cent at $29.41. The rand dropped more than 8 percent overnight reaching almost R16 to the dollar at one point on Monday.
  • Andy Murray out of Cincinnati Masters after losing to Lucas Pouille

    Andy Murray out of Cincinnati Masters after losing to Lucas Pouille

    Tsitsipas rallied from a set and 5-2 down to turn the tables on Zverev, who had been bidding for a fourth Masters 1000 title. Tsitsipas did then eked out a set point on the Nadal serve which the Spaniard saved with the help of a net cord.

    Iran’s Khamenei blames mismanagement more than United States sanctions for economic woes

    Trump's offer of talks as "a unsafe game" and his administration as a "bullying, fraudulent regime". The protests over the cost of living have often turned into anti-government rallies.
    Canadian Muslims Worry after Saudi-Canada Spat Led to Cancellations of Flights

    Canadian Muslims Worry after Saudi-Canada Spat Led to Cancellations of Flights

    State Department spokeswoman Heather Nauert speaks during a briefing at the State Department in Washington, Wednesday, Aug. 9, 2017.
  • Florida man charged with manslaughter in 'stand your ground' case

    Florida man charged with manslaughter in 'stand your ground' case

    Alleged shooter Michael Drejka, 47, was taken into custody on Monday, the Pinellas County Sheriff's Office said in a statement. Surveillance footage shows McGlockton walking out of the store and shoving Drejka to the ground.
    EPL: Manchester City and Liverpool off to cracking starts

    EPL: Manchester City and Liverpool off to cracking starts

    They do not have that searing turn of speed that is needed to really threaten Premier League defences. Sunday's other game was a goalless draw between Southampton and Europa League contestants Burnley.
    England vs India, second Test, day four

    England vs India, second Test, day four

    On the other hand, England are on a roll, with Anderson and Broad - combined age of 68 - bowling as well as they have ever done. The likes of Chris Woakes and Stuart Broad and Sam Curran lent him appropriate support to restrict the Indian batsmen.
  • Mystery Blast in Northern Syria Kills at Least 36

    Mystery Blast in Northern Syria Kills at Least 36

    While some attacks have been claimed by Daesh, most are the result of infighting since past year between various other groups. Idlib is the last of four "de-escalation" zones agreed by world powers in 2017 where the rebels still have a major presence.
    Predicted XI: Celtic v AEK Athens (A)

    Predicted XI: Celtic v AEK Athens (A)

    He said: "Offers of £7million and £8million - but apparently Celtic is financially strong enough not to go into that". But at 10.30 am I had a game review. "The plan is for him to stay here and I don't see that changing".
    Soul Music Legend Aretha Franklin Is Reportedly Near Death

    Soul Music Legend Aretha Franklin Is Reportedly Near Death

    Her brother and manager Cecil died from lung cancer in 1989, one year after her sister Carolyn passed away from breast cancer. Back in March the musician was forced to cancel some concerts, including a show in New Orleans, under " doctor's orders ".


Most liked

Google Play shows warning to anyone searching for Fortnite APKs
Unfortunately, most users won't get past the sign-in process as only invited players will be able to launch the game. Epic Games' decision to not list Fortnite on Play Store is a huge loss for Google .

Turkish economy is solid, strong: President Erdogan
More than a third of Turkish banks' lending is in foreign currencies, according to Reuters . The fear is of a full-blown emerging market crisis.

OMAROSA UNHINGED? Reality villainess targets Trump! Which side are you on?
Trump adviser Kellyanne Conway appeared on the same show Sunday and said she wouldn't be working for Trump if he was racist. Pierson said flatly, "No Ed, that did not happen", after Ed Henry read Manigault's claims from page 149 of her book.

Man arrested, pedestrians injured as car hits barriers at UK parliament
Journalists in the area say the crash "looked intentional" and that the auto was driven into the security barrier "at speed". Police patrol on Millbank, in central London , after a auto crashed into security barriers outside the Houses of Parliament.

Trade Talks with Mexico Going Well; Canada Should Wait
The President-elect appears to have struck a rapport with Trump after promising to improve Mexico's economy and security when he takes office in December.

Jurgen Klopp not surprised by Naby Keita's impressive debut
And after the first round of games, Liverpool sit top of the table, sending a clear message of intent to City. Since the inclusion of the German, Jurgen Klopp , the club has seen an increase in nearly everything.

Tesla CEO Musk accused of defrauding shareholders, sued by investors
Late Friday Musk mocked short investors in a series of tweets, suggesting his antipathy toward them hasn't dimmed. Others, however, stayed silent as they have yet to see more detailed financial evidence from Musk.

Iran’s Khamenei rules out war, talks with U.S.
The sanctions target Iran's trade in gold and other precious metals, its purchases of United States dollars and its auto industry. The 2015 agreement placed tight controls on Tehran's nuclear program in exchange for the lifting of global sanctions.

Ronaldo scores in Juventus v Juventus B match
That's a great sign for Juve . "I know Real Madrid well and all that counts, even for Florentino Perez, is the club". With the superstar's move to Juventus , the Italian giants will look to extend their dominance to Champions League.

Turkey's central bank tries to curb lira fall
Oil prices edged lower, with Brent crude off 11 cents at $72.72 a barrel and USA crude as much as 30 cents lower at $67.33. The pressure spread across emerging-market assets and the South African rand hit the lowest since June 2016.

Saudi Arabia May Back Tesla’s $420-per-Share Buyout
Musk's tweet stunned investors, with many raising questions about his claim that funding for the venture had been secured. In a blog post , Mr Musk said that he only wanted to buy out shareholders who no longer wanted to own Tesla shares.

The sweet gift Meghan Markle has already saved for her future daughter
Ever since Prince Harry and Meghan Markle's May 19 wedding, baby buzz has been in full-swing for the couple. I think she will be going as soon as possible.

Tiger Woods show suggests bright future for champion Brooks Koepka
It will be impossible to overlook him now, not with the Wanamaker Trophy to go with his back-to-back U.S. I would have laughed at you and told you there was no way, no chance, and to do it is really incredible.

Intel's new Core i9-9900K: 8C/16T with all-core 4.7GHz boost
They'll be based on improvements to the existing 14nm process which allows the chip-maker to step up its game once again. It would clock in at 3.6 Ghz and could be boosted up to 4.6 Ghz with all cores running or 4.9 Ghz.

Derby Complete Signing of Huddersfield Midfielder Scott Malone on Three-Year Deal
Derby started the second half by creating a glorious chance and once again they spurned it. They moved the ball better, we made mistakes which gave them goals.