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Rupee plunges 12 paise to close at new all-time low of 85.27 against US dollar
The Business Guardian
|December 27, 2024
The rupee stayed weak for the third straight session and fell 12 paise to settle at a fresh all-time low of 85.27 (provisional) against the US dollar on Thursday, amid a strong greenback and rising crude oil prices.
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Forex traders said, increased month-end as well as year-end dollar demand from importers and fear of an aggressive import tariff by the Donald Trump administration lifted the American currency.
At the interbank foreign exchange, the rupee opened weak at 85.23 and touched the lowest-ever level of 85.28 against the greenback during intraday trade.
Dit verhaal komt uit de December 27, 2024-editie van The Business Guardian.
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