Rupee's Brutal Plunge Persists; Falls To New Record Low Of 79.45 A Dollar
NDTV
Rupee Today: The rupee's brutal plunge continued on Monday, with the currency ending at another new all-time low of 79.45 per dollar
The rupee's brutal plunge continued on Monday, with the currency ending at another new all-time low of nearly 79.45 per dollar, closing in fast to the next key-psychological weak level of the 80-to-a-dollar rate as investors eye domestic and US inflation data later in the week.
PTI reported that the rupee dropped 19 paise to close at a record low of 79.45 against the US dollar, after settlements. At the interbank forex market, the local unit opened weak at 79.30 against the greenback and witnessed an intra-day high of 79.24 and a low of 79.49.
After hitting a series of record lows in recent months, the rupee fell to another new intra-day lifetime weak level of 79.4388 per dollar and closed out Monday at its lifetime low of near 79.44 against the greenback, according to Bloomberg.
