Rupee Off Record Low As Dollar Takes A Breather From Its Rampant Ascent

The rupee was off its record low on Tuesday as the dollar paused for breath from its rampant ascent.

The rupee was off its record low on Tuesday as the dollar paused for breath from its rampant ascent even as risks point to a volatile session after the last few days of market mayhem.

Bloomberg quoted the rupee last at 81.4588, after opening slightly stronger at 81.4875, compared to its record low of 81.6612 hit on Monday.

PTI reported that the domestic currency gained 22 paise to 81.45 against the US dollar in early trade.