Rupee hits all-time low against US Dollar, falls 26 paise to 83.08 – The Economic Times Video | ET Now

Embed

The rupee depreciated 26 paise to settle at an all-time low of 83.08 against the US dollar on Monday, weighed down by a strong greenback overseas and firm crude oil prices in the international markets. Foreign fund outflows also weighed on the local unit, analysts said. At the interbank foreign exchange, the domestic unit opened at 83.04 against the dollar, and it finally ended the day at 83.08, registering a fall of 26 paise from its previous close. During the session, the local unit touched a peak of 82.94 and a low of 83.11.

Read more on

This post first appeared on economictimes.indiatimes.com

You May Also Like

Grim PMIs knock euro, sterling to new lows as recession looms

The euro and sterling slumped against the dollar on Friday after surveys…

The Week Ahead in FX (Apr. 5 – 9): Eyes on RBA, FOMC, and Canadian Jobs

Start your trading week right by prepping for these top-tier catalysts and…

Daily Asia-London Sessions Watchlist: NZD/JPY

Once again, no major catalysts expected for this Friday’s Asia and London…

Daily U.S. Session Watchlist: EUR/GBP

The U.K. just printed its retail sales data. How can the release…