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Rupee falls 11 paise to fresh record low of 84.91 vs dollar
December 17, 2024
|Mint Mumbai
The rupee's previous all-time low level was recorded on 12 Dec when it closed at 84.88 against the dollar
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The rupee depreciated by 11 paise to close at an all-time low level of 84.91 against the dollar on Monday, dragged down by a negative trend in domestic equities.
Forex traders said the rupee declined on weak domestic markets and rising US bond yields. However, a soft American currency cushioned the downside.
At the interbank foreign exchange, the rupee opened at 84.83 and touched the lowest-ever level of 84.93 against the greenback during intraday. The unit finally ended the session 11 paise down at 84.91 against the dollar.
On Friday, the rupee rebounded from its record low level and settled with a gain of 8 paise at 84.80 against the dollar.
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