Rupee hits record low of 95.62 against dollar
after close1 source ↓written by the desknot a recommendation
- against the US
- 95.62
- decline amid rising
- 31 paise
- rupee opened
- 95.50
- during trading
- 95.74
The Indian rupee closed at 95.62 against the US dollar, marking a 31 paise decline amid rising crude oil prices and increased dollar demand. The rupee opened at 95.50, hitting an all-time low of 95.74 during trading. Traders reacted to Prime Minister Modi's austerity appeal, prompting panic buying from importers, particularly in gold.
Not investment advice. For informational purposes only.