Rupee hits record low of 96.53 against dollar
after close1 source ↓written by the desknot a recommendation
- from the previous
- 18 paise lower
- rupee may approach
- 97
- Intraday low reached
- 96.61
The rupee weakened to a record closing low of 96.53 against the dollar, marking its sixth consecutive decline. It closed 18 paise lower from the previous session, pressured by high crude oil prices and weak global cues. Analysts suggest that without measures to address the current account deficit, the rupee may approach 97.
• Intraday low reached 96.61
• High crude prices raise deficit concerns
• Foreign investment flows remain uncertain
Not investment advice. For informational purposes only.