Rupee falls to all-time low against US dollar
Notably, the rupee dropped to 85.0650 against the US dollar in early trade, compared to 84.9525 on Wednesday.
The US dollar traded mixed against other major currencies as investors digested the latest economic data.
In late New York trading on Thursday, the euro declined to $1.1764 from $1.1793 in the previous session, and the British pound increased to $1.3182 from $1.3168 in the previous session, Xinhua reported.
Advertisement
The Australian dollar climbed to $0.7589 from $0.7584.
Advertisement
The dollar bought 113.03 Japanese yen, higher than 112.95 yen of the previous session. The US dollar increased to 0.9942 Swiss franc from 0.9888 Swiss franc, and it was down to 1.2747 Canadian dollars from 1.2769 Canadian dollars.
On the US economic front, initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 249,000 for the week ended November 11, the Labor Department said on Thursday. It was the second straight weekly increase and higher than market expectations.
The Federal Reserve said on Thursday that US industrial production jumped a solid 0.9 per cent in October as factory activity recovered from the impact of Hurricanes Harvey and Irma, beating market consensus.
The dollar index, which measures the greenback against six major peers, was up 0.15 percent at 93.951 in late trading.
Advertisement
