Under Pressure
As the Indian rupee reached a record low of 87.58 to the dollar on Thursday, it finds itself at a critical juncture, navigating a sea of global and domestic pressures.
The US dollar ended lower against the rupee at Rs 64.94/95 per dollar and the pound sterling also finished lower at Rs 85.14/16 at the close of the Interbank Foreign Exchange (forex) market here on Thursday.
Following are the interbank forex and RBI rates:
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(In Rs per unit) Unit Interbank RBI Reference US Dollar 64.94/95 US Dollar Rs 64.8967 Pound Sterling 85.14/16 Euro Rs 75.3061 Euro 75.53/55 Japanese Yen (100) 57.
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