Rupee depreciates to a new intraday low of 84.52 against US dollar

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Rupee depreciates to a new intraday low of 84.52 against US dollar - Business Standard

Quick Summary:

The rupee had appreciated to a high of Rs 84.22 per dollar on Wednesday as the dollar index fell by 0.

The RBI's reserves, which have fallen from $705 billion in October to $657 billion, add another layer of concern as the central bank monitors currency stability.

The total reserves fell on the back of a decline in foreign currency assets, which decreased by $15.5 billion during the week.