Rupee hits all-time low at 70.82
Mumbai, Aug 30 (IBNS) : The rupee continued to plunge new lows for the fourth consecutive session as it on Thursday plunged to 70.82 a dollar-an all-time record.
According to reports, the fall was triggered by strong month-end dollar demand from oil importers and foreign fund outflows.
At 10:22 am, the rupee was trading at 70.68 a dollar, down from its previous close of 70.59 on Wednesday. The currency opened at 70.69 a dollar and touched a fresh all-time low of 70.82 a dollar.
The rupee plummeted by 49 paise to 70.65 against the dollar and closed at a new low of 70.59 on Wednesday, This was the biggest single-day decline since August 13 when it dropped 110 paise, or 1.6 per cent.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
