Rupee falls 2 paise to all-time low of 84.87 against dollar in early trade

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Rupee falls 2 paise to all-time low of 84.87 against dollar in early trade - Business Standard

Quick Summary:

The rupee fell 2 paise to all-time low of 84.87 against the US dollar in early trade on Wednesday, amid rising expectations of a shift in the Reserve Bank's monetary policy stance post the appointment of Sanjay Malhotra as the new RBI governor.

At the interbank foreign exchange, the rupee opened at 84.87, its all-time low against the greenback, registering a fall of 2 paise over its previous close.

While a muted tone in the domestic market and the overall strength of the US dollar index further pressurised the rupee.