The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Nation

Rupee crosses 83 against dollar after us fed rate hike

by TLAteam November 4, 2022November 4, 2022
written by TLAteam November 4, 2022November 4, 2022
Rupee crosses 83 against dollar after us fed rate hike

The rupee on Thursday crossed the 83-mark against the US dollar, hours after the US Fed hiked interest rates for the fourth time this year.

It touched 83.08 before ending the day at 83.02. The rupee had earlier opened at 83 against the dollar.The US Federal Reserve on Wednesday raised key rates by 75 basis points, the fourth such hike by it this year, to curtail rising inflation.

The chairman of US Fed, Jerome Powell, was quoted as saying by reports that the bank is firmly committed to lowering inflation. The aggressive rate hike by the Federal Reserve will put further pressure on the stock markets globally, especially on rising economies like India.The already weakened rupee too is likely to be impacted.

While the rupee has crossed the 83 mark against the US dollar on quite a few occasions this week in anticipation of the US Fed announcing a rate hike, now that it has actually happened, the domestic currency may weaken further, as was visible on Thursday

AhmedabadAhmedabad cityAhmedabad newsGujaratGujarat governmentGujarat newslatest news
0 comment
previous post
Shooter at Imran Khan shot dead
next post
Disha Patani Flaunts Her Hot-Toned Abs in a Grey Sports Bra and Pink Shorts

You may also like

Markets Rebound Sharply; Sensex Jumps 900 Points, Nifty...

May 23, 2025

Jaipur Sweet Shops Rename Traditional Mithais in Support...

May 23, 2025

Supreme Court Cracks Down on NEET-PG Seat-Blocking with...

May 23, 2025

Sensex Drops 600+ Points, Nifty 50 Closes Near...

May 22, 2025

 Dr Jayant Narlikar’s MSU connection

May 22, 2025

Over 7,000 Students Allotted Class 1 Seats in...

May 22, 2025

Hailstorm Triggers Mid-Air Emergency on IndiGo Flight to...

May 22, 2025

Paresh Rawal’s Exit from ‘Hera Pheri 3’ Sparks...

May 21, 2025

IMD Issues Rough Weather Alert for Arabian Sea;...

May 21, 2025

Japan’s ‘New Baba Vanga’ Ryo Tatsuki Predicts July...

May 21, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • Three Amdavadis Achieve Prestigious ‘Six Star Finisher’ Title by Completing Abbott World Marathon Majors

    May 23, 2025
  • Start-up by 3 Rajkotians Becomes IIM Case Study; Shradhanjali.com Also Featured in Harvard Business Review

    May 23, 2025
  • Honda Motorcycle & Scooter India Launches All-New CB750 Hornet and CB1000 Hornet SP

    May 23, 2025
  • CEPT University Students Awarded Prestigious ARRA Scholarship

    May 23, 2025
  • Gujarat University Announces Special Convocation for Medical Students

    May 23, 2025
November 2022
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
282930 
« Oct Dec »
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.