Rupee falls 10 paise to hit new record low of 85.25 against US dollar

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The story "Rupee falls 10 paise to hit new record low of 85.25 against US dollar" was covered 16 hours ago by Business Standard, a news publisher based in India.

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Rupee falls 10 paise to hit new record low of 85.25 against US dollar - Business Standard

Quick Summary:

Positive sentiment in domestic equity markets failed to support the Indian currency as the greenback index remained elevated while crude oil prices were on upward move, forex traders said.

The rupee depreciated 10 paise to hit a new all-time low of 85.25 against the US dollar in early trade on Thursday, dragged down by the unabated outflow of foreign capital amid increased month-end demand of the American currency.

At the interbank foreign exchange, the rupee opened weak at 85.23 and slipped further to hit a life-time low of 85.25 against the greenback in initial deals, registering a loss of 10 paise against its previous closing level.