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 Monday fixed the reference rate of the rupee at 67.4430 against the US dollar and 79.0027 for the euro.
The corresponding rates were 68.2600 and 79.8847, as on MAY 25.
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According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 89.8880 and 61.57 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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