A spike in global crude prices and a decline in local equities caused investors to sell the local currency on Tuesday, according to dealers, who added that it was doubtful that the Indian rupee would see significant losses during the day.
The energy minister of the United Arab Emirates stated that the country was producing close to its full capacity, defying hopes that it might assist raise supply in a tight market. As a result, oil prices increased by nearly 1% in early Asian trading.
In comparison to Monday’s finish of 78.34, the partly convertible rupee was trading at a record low of 78.5875/5975 per dollar by 04: 08 GMT. If the rupee continues to decline during the session, traders anticipate that the central bank may support it by selling dollars, therefore containing local currency losses.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2026, IIFL Capital Services Ltd. All Rights Reserved
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132 (Member ID - NSE: 10975 BSE: 179 MCX: 55995 NCDEX: 01249), DP SEBI Reg. No. IN-DP-185-2016, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, Merchant Banker SEBI Regn. No. INM000010940, RA SEBI Regn. No: INH000000248, BSE Enlistment Number (RA): 5016, AMFI-Registered Mutual Fund Distributor & SIF Distributor
ARN NO : 47791 (Date of initial registration – 17/02/2007; Current validity of ARN – 08/02/2027), PFRDA Reg. No. PoP 20092018, IRDAI Corporate Agent (Composite) : CA1099
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
