02 June Friday

Rupee Falls To Record Low Of 82.24 Against U.S. Dollar

Web Desk‌Updated: Saturday Oct 8, 2022

The rupee has slid to hit a new life-time low of 82.30 against the US dollar on Friday

On  Thursday, our domestic currency, for the first time ,closed below 82 level against dollar and plunged 55 paise to close at record low of 82.17.

Indian Rupee slumped after Work Bank lowered its estimate of India’s FY23 GDP to 6.5 percent from previous 7.5, adjusting to lowered number from spillovers from global monetary tightening and Russia - Ukraine war.
Dollar strengthened ahead of important non-farm payroll numbers set to be released today, which is expected to on the bright side.