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 rupee dropped by 13 paise to 64.18 against the dollar at the interbank forex market today amid sustained foreign fund outflows.
The rupee opened at 64.10 per dollar against last close of 64.05 per dollar. It moved in a range of 64.08 per dollar and 64.18 per dollar in morning deals.
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Traders said fresh demand for the US currency from importers and dollar’s recovery against some currencies overseas weighed on the rupee.
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Foreign investors pulled out around Rs 683 crore from debt and equity markets yesterday amid geopolitical tensions.
Yesterday, the rupee closed with a marginal 3 paise loss at 64.05 against the American currency.
Meanwhile, the benchmark BSE Sensex recovered by 78.72 points,or 0.24 per cent, to 31,780.97 in early trade.
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