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Rupee drops 9 paise to hit lifetime low of 79 90 against US dollar

The rupee declined by 9 paise to settle at a new record low of 79.90 against the US currency on Thursday due to a firm US dollar in overseas markets and capital outflows.

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Rupee Hits Record Low for a Third Straight Session

The partially convertible rupee was trading at 79.66/67 per dollar compared to its previous close of 79.5975. The unit touched a life low of 79.6675.

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Rupee Falls for Fourth Session, Closes at All-Time Low of 79 03 Against US Dollar

The domestic unit has lost 1.97% so far this month and has eroded a staggering 6.39% since the start of this year.

United statesSugandha sachdevaSriram iyerDilip parmarReligare broking ltdCurrency researchResearch analystReligare brokingReliance securitiesReserve bankDollar indexFed chair powell1 dollar in inr1 dollar in rupeeDollar rupee lowJune 29 2022 rupee all time low

Sensex, Nifty fall 1% each as markets continue to slump on weak global cues; Rupee at all-time low of 77 41

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United statesSriram iyerDeepak jasaniSenior research analyst at reliance securitiesAxis bankHindalco industriesHead of retail researchIndusind bankTata steelReliance industriesGoogle newsImage sourceTech mahindraBajaj financeState bankRetail research

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