Rupee falls 30 paise to 77.55; Hits All-Time Low

Story Highlights
  • Indian rupee slumps to all time low.
  • Hits 77.55 against 1 US Dollar at opening trade.

The Indian Rupee on Thursday hit all-time low plunging 30 paise at 77.55 in opening trade against the US dollar amid a broader decline in Asian currencies. This is for the second time the currency slipped to a record low. The US currency, which gauges the greenback’s strength against a basket of six

According to forex traders, Foreign fund outflow and elevated crude oil prices have impacted the domestic unit. The rupee opened sharply lower at 77.52 against the American dollar, then lost further ground to quote 77.55, registering a fall of 30 paise from the last close. In initial deals, the domestic currency was moving in a range of 77.50 and 77.57.

In the previous session, Rupee settled at 77.25 against the dollar.

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