Photo Source: ANI
Indian rupee slips to record low after Govt raises tax on Capital gains
Babushahi Bureau
Mumbai, July 24, 2024: The Indian rupee dropped to a record low against the U.S. dollar on Tuesday after the government in the Budget proposed raising the tax rate on capital gains.
As per NDTV, the rupee declined to 83.69 to the dollar, inching past the previous lifetime low of 83.6775, and compared with 83.6275 before the budget announcement.