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Rupee weakens to a fresh 30-month closing low

Published

8 years ago

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currencyMumbai:  The Indian rupee weakened by 15 paise on Thursday to touch its new 30-month closing low.

The rupee closed at 68.71 against the US dollar at a level which was last seen during late August, 2013.

It weakened by 15 paise to 68.71 to a US dollar from its previous close of 68.56 to a greenback.

During the intra-day trade rupee value dwindelled to 68.79 to a US dollar from its previous close of 68.56 to a greenback.

“Indian rupee opened marginally higher against the US dollar, thanks to risk-on sentiments across Asian markets. However, demand from importers brought it back above 68.50 levels on spot, closing at 68.71,” Anindya Banerjee, associate vice president for currency derivatives with Kotak Securities, told IANS.

“Central bank would remain active till the union budget, as they trying to prevent a blowback of a weak currency on bond investment from FIIs (foreign institutional investors).”

The weakness in the rupee value indicates the massive outflow of foreign funds from the Indian equity and debt markets.

The foreign institutional investors (FIIs) were net sellers in the equity markets during the day’s trade. Data with stock exchanges showed that FIIs divested Rs.1,465.68 crore.

In addition, the slide in rupee’s value even dented the equity indices.

The weakness in rupee value led to the barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) to close the day’s trade down 113 points, or 0.49 percent.

Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) ended the day’s trade in the red — lower by 48.10 points, or 0.69 percent, at 6,970.60 points.

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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