Rupee at its all-time low for the second day in a row! Opened 25 paise lower at 81.09 against the dollar
New Delhi: The Indian rupee has once again hit the lowest level against the US dollar. At 4:15 am UTC (9:45 AM IST), the rupee was trading at a low of 81.22 against the USD. Today the rupee opened lower by 25 paise at 81.09 per dollar, as against yesterday’s close of 80.86 per dollar.
The rupee has been trading at a record low ever since the US Federal Reserve announced a 75 basis point rate hike from 3.0 per cent to 3.25 per cent. The dollar advanced against the Chinese yuan, but depreciated against the Japanese yen after Japan’s first intervention in nearly 32 years.
At 4:24 am UTC, the Chinese yuan was trading at 7.10 against the US dollar and the Japanese yen at 142.28 against the US dollar.