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As the dollar reigns supreme, the rupee surpasses 78 per dollar for the first time ever

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2 years ago

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As the dollar reigns supreme, the rupee surpasses 78 per dollar for the first time ever

The rupee breached the 78 against the dollar for the first time ever, after closing at its weakest level of 77.93 in the previous session. Federal Reserve tightening expectations after US inflation climbed to four-decade highs has pressured the rupee’s value.

Rupee slips 36 paise to record low of 78.29 against the US dollar in early trade on Monday. The rupee had opened at 78.20, then lost ground to quote at its record low level of 77.29 — its lowest level ever recorded. Rupee hits new record low of 78.29 against the US dollar. After closing at its weakest level of 77.93 in the previous session. Traders blame weak Asian currencies, a lacklustre trend in domestic equities and persistent foreign capital outflows for the fall.

Rupee hits new record low of 78.29 against the US dollar. After hitting 77.93 in the previous session, the rupee slipped 36 paise. Traders blame weak Asian currencies, a lacklustre trend in domestic equities and persistent foreign capital outflows for the fall.

The dollar, as a result, climbed to a near four-week high against a basket of currencies after the Fed signalled more rate hikes may be on the way.

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Tollywood

Pushpa 2 The Rule advance booking tracking better than RRR, Jawan in the US; crosses $1.4 million with 10 days to go

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1 week ago

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November 26, 2024

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Pushpa 2 The Rule advance booking tracking better than RRR, Jawan in the US; crosses .4 million with 10 days to go

Pushpa 2 The Rule has already crossed $1.4 million in advance bookings in North America even though the release is 10 days away.

Allu Arjun‘s Pushpa 2: The Rule is still nine days from its theatrical release but is already breaking box office records. The film is set for a grand release worldwide, and if its US pre-sales are any indication, it will likely get a bumper opening. The film is already tracking better than blockbusters like RRR and Jawan in the US. (Also read: Pushpa 2 trailer reactions: Allu Arjun fans predict blockbuster, cheer for Fahadh Faasil’s entry scene)

Pushpa 2’s US tsunami

On Monday, trade tracker Venky Box Office shared the film’s advance booking collections for its US premiere. Taking to X (formerly Twitter), the trade analyst tweeted, “#Pushpa2TheRule USA Premiere Advance Sales: $1,383,949 – 900 Locations – 3420 Shows – 50008 Tickets Sold.”

By Sunday evening, Pushpa 2 had sold over 50,000 tickets in the US, with the release 10 days away. The tweet added that North American advance booking collections had crossed $1.458 million (around ₹12 crore), ‘which is a record’.

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Trade analysts say that the film is set to cross $1.5 million with nine days to go, which means it is outpacing SS Rajamouli’s RRR and Shah Rukh Khan-starrer Jawan, the two biggest Indian movies in the US in recent times. Both films grossed over $15 million each in North America and are among the top five highest-grossing Indian films in the continent. Pushpa 2 is matching the pace of Shah Rukh’s other 2023 blockbuster, Pathaan, and is just behind the all-time record holder for India in the US – Baahubali 2 (which earned $20 million in the territory).

All about Pushpa 2: The Rise

Directed by Sukumar, Pushpa 2: The Rise is the sequel to the director’s 2021 pan-India hit Pushpa: The Rise. It brings back Allu Arjun as the titular anti-hero, alongside Rashmika Mandanna and Fahadh Fassil. The film, touted to be one of the biggest Indian productions ever, is set to hit the screens on December 5.

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