Rupee plunges 39 paise at another record low against the US dollar, has reached an all-time low of 82.69. Meanwhile, the dollar index, reflecting the US dollar's position against the six major currencies, rose 0.02 per cent to 112.81.
New Delhi: Indian rupee hits another new record low of 82.69 against American dollar. The rupee fell 39 paise to an all-time low of 82.69 in early trade on Monday amid rising crude oil prices and weakness in domestic equity markets. Apart from this, a fall in the domestic equity markets and strengthening of the US currency put additional pressure on the rupee.
In the interbank foreign exchange market, the rupee opened at 82.68 against the US dollar and then declined to 82.69, showing a decline of 39 paise against the previous closing price.
The rupee had closed 13 paise lower at 82.30 against the US dollar on Friday.
The Reserve Bank of India said on Friday that India’s foreign exchange reserves declined by $ 4.854 billion to $ 532.664 billion on September 30.
Meanwhile, the dollar index, reflecting the US dollar’s position against the six major currencies, rose 0.02 per cent to 112.81.
Global oil index Brent crude futures fell 0.87 percent to $ 97.07 per barrel.
According to provisional data of the stock market, foreign institutional investors sold shares worth a net Rs 2,250.77 crore on Friday.