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 depreciated by 10 paise to 67.52 against the US dollar in early trade today ahead of release of key IIP and inflation data.
Dealers attributed the rupee’s fall to fresh demand for the US currency but a higher opening in domestic stocks limited the fall.
Advertisement
Major currencies were mostly weak against the US dollar overseas as a historic US-North Korea summit got underway in Singapore.
Advertisement
Yesterday, the rupee had ended 8 paise higher at 67.42 against the US currency, cutting short its two-day decline.
Meanwhile, the benchmark BSE Sensex was trading higher by 84.35 points, or 0.23 per cent, at 35,567.82 in opening deals.
Advertisement
