Rupee Ends At All-Time Low, 5th Record Weak Close In 10 Days
NDTV
The rupee closes at a new all-time low of 77.73 against the dollar, the fifth record weak close in the last 10 trading sessions.
The rupee closes at a new all-time low of 77.73 against the dollar, the fifth record weak close in the last ten trading sessions, even as the dollar took a breather after heavy gains and global stocks tumbled on increasing concerns that aggressive tightening by global central banks could choke growth.
Bloomberg showed the partially-convertible rupee weakened to its lifetime low close of 77.73, while PTI reported that the currency ended provisionally at 77.72 per dollar.
At the interbank foreign exchange market, the rupee opened lower at 77.72 against the greenback and ranged between a low of 77.76 and a high of 77.63 in intra-say trading.
On Wednesday, the rupee had closed at a record low of about 77.61 against the greenback on worries over stubborn inflation and economic slowdown.
