"There is no point spending a lot of dollars in defending a rupee when the force of the fall is so strong across emerging markets", said a senior forex dealer at an Indian state-run bank.
The currency crisis has been observed across Asian markets, causing a weakening in domestic equities, sparked majorly by the Lira crisis.
B Prasanna of ICICI Bank said the rupee is the victim of a contagion effect impacting all emerging markets (EMs) triggered by the Turkish crisis. "Hence, an absence of aggressive intervention by the RBI has spooked the market", he said.
The rupee recovered three paise from the previous day's close of 69.93.
Reuters reports that Indonesia's central bank intervened yesterday to protect the currency, and is scheduled to make an interest rate announcement tomorrow. While the government has blamed "external factors" for the rupee's fall to an all-time low against the USA dollar and said there is nothing to worry, the Opposition has come all out with their opinions on Twitter.
But the jury returned a verdict of not guilty against the England cricketer and also cleared Ali of the same charge. As the verdicts were delivered at Bristol Crown Court on Tuesday, Stokes closed his eyes and then looked up.
Gavaskar attributed his inability to attend the ceremony to a test match in England on August 18, where he is due to be present. The two parties have made a decision to field joint candidates for posts of speaker, deputy speaker and prime minister.
No special equipment is needed, but if you want the best view, it helps to be as far from artificial light as possible. Scientists from NASA also said that camping out in the country can triple the amount of visible meteors.
Musk added that he has continued talks with the managing director of the Saudi fund who wishes to move forward with the process. As a result, PIF itself chose to buy around $2 billion in Tesla shares , reportedly with the help of an investment bank.
He closed with a 4-under 66 for a two-shot victory over Woods and took his place among the elite in golf . Tiger Woods makes stunning charge but Brooks Koepka holds on for third major win at the PGA Championship.
Meanwhile, Jasprit Bumrah has been ruled out of the Test match and that could mean an unchanged Indian seam attack. Intermittent rain delayed the start of the second Test between India and England in London on Thursday.
The MDC arrived at the court less than an hour before it closed on Friday, the last day that the petition could be lodged. The polls' aftermath has been marred by allegations of a crackdown on opposition members, including beatings and arrests.
The currency drop is particularly painful for Turkey because the country finances a lot of its economic growth with foreign money. If there is anyone who has dollars or gold under their pillows, they should go exchange it for liras at our banks.
Turkish Lira Continues it Freefall
The U.S. dollar tumbled more than 5 percent against Turkish lira on Tuesday, falling to 6.4591 after opening the day at 6.8839. The US imposed sanctions against Turkey and President Trump has doubled steel and aluminium tariffs on Turkish imports.
Frederica Wilson: 'Trump is a white supremacist'
Colbert also expressed shock that Chief of Staff John Kelly fired Omarosa in The Situation Room and threatened her reputation . Newman is now on a media tour promoting Unhinged , her new tell-all book about her time working for the Trump administration.
Omarosa Manigault Newman Releases Firing Tape
Manigault-Newman said on " Meet the Press " Sunday she does not regret secretly recording conversation in the White House . Kelly came on board he told me she was a loser & nothing but problems", Trump wrote .
Airline worker crashes stolen plane
Two military F-15s were scrambled to chase the stolen plane, but "were not involved in the crash", local officials said . Fire crews were working on putting out the fire from the crash on Ketron Island in Puget Sound.
Transfer flurry in EPL for every team apart from Tottenham
Champion Manchester City had already signed winger Riyad Mahrez for a club-record £60-million ($100.6-million) from Leicester . He said this was possible after the pair returned in flawless condition from the 2018 FIFA World Cup in Russian Federation .
Arsenal misfit Perez set for West Ham move
Arsenal have accepted a bid from Sporting Lisbon to sign Lucas Perez this summer, according to reports in the Portuguese media. The former Chelsea youth player signed a four-year contract with the Hornets.
United Nations chief condemns Saudi killing of Yemeni children
State Department spokeswoman Heather Nauert said the U.S. was "concerned" by reports of an attack resulting in civilian deaths. In July, a Badr 1 missile was sacked at Jizan Economic City, where Saudi Aramco is building a 400,000-barrel-per-day refinery.
Saudi Arabia-Canada spat explained
Ms Badawi's brother was arrested in 2012 for criticism of the regime, and was subjected to 50 lashings in 2015. Riyadh accuses Ottawa of meddling Riyadh accused Ottawa on Tuesday of interfering in its internal affairs.