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Rupee Collapses To a Record Low For Third Straight Session

Story Highlights
  • The depriciation comes for the third time in a row.
  • Rupee plunges by 58 paise.
  • Closes provisionally at Rs 81.67 against one US Dollar.

Mumbai: The Indian Rupee plunged 58 paise to close at an all-time low of 81.67 (provisional) against the greenback. The Rupee recorded a depriciation successively for three day in a row as the US Dollar strentghed

At the interbank foreign exchange market, the local currency opened at 81.47, then fell further to close at an all-time low of 81.67 against the American currency, registering a decline of 58 paise over its previous close.

A dollar gauge rose to yet another record, leaving the yen just short of last week’s point that drew intervention from Japanese authorities.

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