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At the interbank foreign exchange, the rupee opened at 84.59 and moved in a tight range before slipping to its fresh all-time low of 84 against the US dollar.
The rupee has hit a fresh record low of 84.70 per US dollar, on disappointing macroeconomic data and FPI outflows.
The rupee on Monday hit a fresh record low of 84.70 per US dollar, on disappointing macroeconomic data and FPI outflows. Forex traders said Asian currencies like CNH, KRW and IDR were down after Trump’s rhetoric on BRICS’ currency.
Besides, the broad strength of the American currency and unabated foreign portfolio outflows further dented investor sentiments, said the traders.
US President-elect Donald Trump on Saturday threatened a 100 per cent tariff on the BRIC bloc of nations if they act to undermine the US dollar.
At the interbank foreign exchange, the rupee opened at 84.59 and moved in a tight range before slipping to its fresh all-time low of 84 against the US dollar.
On Friday, the rupee plunged 13 paise to settle at a fresh all-time low of 84.60 against US dollar.
