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After inching near to 88-level, Rupee closes at 87.50 against US Dollar
The Statesman Bhubaneswar
|February 11, 2025
The rupee slipped 49 paise to open at an all-time low of 87.92 against the US dollar on Monday as against its Friday's close of 87.43 per USD.
Rupee has been tracking losses in Asian currencies after US President Donald Trump said he will introduce more tariffs.
The dollar index, which measures the US currency against six other units, was higher at 108.3.
At the interbank foreign exchange, the rupee touched an all-time intraday low of 87.95 against the American currency during the session.
However, Rupee pared the initial losses and finally settled on a flat note at 87.50 (provisional), unchanged over its previous close.
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