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 Reserve Bank of India on Wednesday fixed the reference rate of the rupee at 64.1259 against the US dollar and 79.3879 for the euro.
The corresponding rates were 64.2838 and 78.9341 on Tuesday.
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The according to an RBI statement, the exchange rates for the pound and the yen against the rupee were 89.1735 and 59.84 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon.
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The SDR-rupee figure will be based on this rate, the statement added.
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