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IT stocks such as Infosys, TCS and Wipro rose up to 2% on Wednesday after the sharp fall in the rupee past the Rs 90 per dollar mark spurred renewed buying in high-export technology names. The currency’s fall to an unprecedented 90.13 against the US dollar, its weakest level ever, pushed investors towards dollar income […]
Mumbai: The rupee hit its weakest level ever, falling past the psychologically significant 89 per dollar mark for the first time on Friday before closing at 89.49. The rupee weakened nearly 80 paise from its previous close and recorded an intraday low of 89.59 on Friday, LSEG data showed.Among the factors cited by traders were […]
