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Rupee falls 4p to close at a new low of 85.15 to a dollar
Mint Chennai
|December 25, 2024
The rupee extended the slide for the second straight session and depreciated 4 paise to settle at a fresh all-time low of 85.15 against the US dollar on Tuesday, dragged by a strong greenback against major crosses overseas and subdued domestic equities.
According to analysts, increased demand for the dollar due to month-end payment obligations and the fear of an aggressive import tariff by the Donald Trump administration in the US strengthened the greenback.
Besides, surging crude oil prices pushed the rupee down further, they added.
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