Rupee weakens further to close at 77.50’s new all-time low
The rupee weakened further on Monday, closing at a new record low of 77.44 after breaking the previous record of 77.05 in the first half of the session as the dollar surge crossed the market.
The PTI reported that the Indian currency plunged 54 Paisa against the US dollar from 76.90 to a new record low of 77.44.
In the interbank foreign exchange market, the rupee fell 77.17 against the greenback and finally settled at 77.50, down 60 Paisa from the previous closing price. During the trading session, the rupee reached a lifetime low of 77.52.