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RUPEE HITS NEW RECORD LOW, SLIPS TO 85.97 AGAINST DOLLAR
Hindustan Times
|January 11, 2025
The rupee slipped to its all-time low on Friday as the dollar stood firm ahead of closely watched US labour market data, keeping regional currencies on the defensive.
The rupee weakened to 85.97 against the dollar, inching past its previous record low of 85.9325 hit on Thursday. The currency ended at 85.9650, down 0.2% on the week and logged its tenth consecutive weekly loss. The local unit has faced persistent headwinds over recent weeks on the back of a surging dollar and weak capital flows. However, routine interventions by the Rese
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