Rupee Slips To Yet Another Low Of 78.86 Per Dollar; RBI Eyed

The Indian rupee opened at a record low against the U.S. dollar on Wednesday as persistent foreign funds outflows weighed on investor sentiments.

The rupee opened at a record low against the US dollar on Wednesday as persistent foreign funds outflows weighed on investor sentiments.

The partially convertible rupee was trading at a record low of 78.86 per dollar in early trade, compared to its close of 78.85 on Tuesday, news agency PTI reported.

Foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 1,244.44 crore, according to stock exchange data.