At the interbank foreign exchange market, the rupee opened at 79.66 against the greenback, then fell to 79.67, registering a decline of 10 paise over its last close.
The rupee is tipped to open at 80.00-80.10 per US dollar, compared with the previous session's close of 79.8650. The currency had hit an all-time low of 80.0650 last month.
Analysts on Dalal Street believe that investors should keep an eye on export-oriented sectors as the rupee slipped to a fresh all-time low of 80.06-mark against the US dollar on Tuesday. The local currency has depreciated nearly 8 per cent on a year-to-date (YTD) basis due to the strengthening greenback and Fed’s monetary tightening bias despite the weakening growth outlook.
Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 74.44 against the dollar, registering a decline of six paise from the last close.
Rupee Vs Dollar Today: At the interbank foreign exchange market, the local unit opened at 74.56 against the dollar and registered an intra-day high of 74.38