SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

New Low for Indian Currency

» Published: 02 December 2024

New Low for Indian Currency
Photo: Aijaz Rahi AP/TT

The Indian currency, the rupee, has fallen to its lowest rate ever, 84.70 rupees per dollar.

An unexpectedly weak Indian GDP figure in combination with dollar strength explains the development.

The Indian economy has, according to fresh GDP calculations, slowed down to its lowest growth in almost two years.

At the same time, Indian market interest rates are being pushed down ahead of what may be an interest rate cut from India's central bank on Friday.

TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Disney+ loses viewers
1 MIN READ

Disney+ loses viewers

Apple risks Competition Probe in China
2 MIN READ

Apple risks Competition Probe in China

The EU tightens its tone against Temu and Shein
1 MIN READ

The EU tightens its tone against Temu and Shein

Record for Norwegian arms exports
1 MIN READ

Record for Norwegian arms exports

Handelsbanken wins on the Stockholm Stock Exchange
1 MIN READ

Handelsbanken wins on the Stockholm Stock Exchange

Car Giants' Merger on the Brink of Collapse
1 MIN READ

Car Giants' Merger on the Brink of Collapse

Still slow for the service sector
1 MIN READ

Still slow for the service sector

Husqvarna reduces dividend
1 MIN READ

Husqvarna reduces dividend

Assa Abloy increases the dividend
1 MIN READ

Assa Abloy increases the dividend

Alfa Laval increases dividend
1 MIN READ

Alfa Laval increases dividend

Novo Nordisk exceeds expectations: "Outstanding"
2 MIN READ

Novo Nordisk exceeds expectations: "Outstanding"

Ica CEO: "Continued strong focus on price"
3 MIN READ

Ica CEO: "Continued strong focus on price"

Handelsbanken announces extra dividend
1 MIN READ

Handelsbanken announces extra dividend

Cautious stock trading in China after Trump tariffs
1 MIN READ

Cautious stock trading in China after Trump tariffs

USA Blocks Packages from China
1 MIN READ

USA Blocks Packages from China

Google's stock plummeted after quarterly report
1 MIN READ

Google's stock plummeted after quarterly report

Spotify surged on the US stock exchange
1 MIN READ

Spotify surged on the US stock exchange

Spotify is about to break the billion barrier - "feeling confident"
2 MIN READ

Spotify is about to break the billion barrier - "feeling confident"

Sales Boost for Ferrari
1 MIN READ

Sales Boost for Ferrari

Cosmetics giant lays off 7,000 employees
1 MIN READ

Cosmetics giant lays off 7,000 employees