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Rupee hits record closing low
Mint Mumbai
|December 05, 2024
The rupee was unable to benefit from gains in most of its Asian peers, including the offshore Chinese yuan
The Indian rupee logged its weakest closing level on record on Wednesday, hurt by a lingering depreciation bias and broad-based dollar bids while dollar-rupee forward premiums extended their decline.
The rupee closed at 84.74 against the US dollar, its lifetime closing low, down from 84.6850 in the previous session.
This story is from the December 05, 2024 edition of Mint Mumbai.
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