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₹ closes at new low of 83.39 per $
Business Standard
|December 01, 2023
Worst performer among Asian currencies in Nov
The Indian rupee on Thursday hit a fresh closing low of 83.39 against the US dollar due to the rise in dollar index and crude oil prices, dealers said.
The Indian currency had settled at 83.33 per dollar on Wednesday.
The previous all-time closing low for the rupee was 83.35 a dollar on November 20. The rupee had hit a record low of 83.48 (intraday) against the dollar on November 10.
While emerging market currencies regained their ground against the US dollar this month, the rupee lagged behind its peers, primarily due to persistent demand for the dollar among importers.
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