Indian rupee at fresh record low of 19.22 against UAE dirham

Top Stories

Indian rupee at fresh record low of 19.22 against UAE dirham

Mumbai - The dollar's strength against some currencies overseas weighed on the domestic unit.

By PTI

  • Follow us on
  • google-news
  • whatsapp
  • telegram

Published: Wed 29 Aug 2018, 10:25 AM

Last updated: Thu 30 Aug 2018, 8:48 AM

The Indian rupee plunged to a fresh record low of 70.55 to a US dollar during the noon-trade session on Wednesday.

Around 12.30pm (India time) the rupee plunged to a fresh record low of 70.55 to a US dollar.
Against the UAE dirham, the rupee was trading at 19.22 at 3:50pm (UAE time), according to XE.com.
It opened the day's trade at the Interbank foreign exchange market at 70.31-32 to a USD and soon surpassed its record low of 70.40 to a greenback.
Traders said besides fresh demand of the US currency from importers, dollar's strength against some currencies overseas weighed on the domestic unit.

Yesterday, the local currency had bounced back in a tepid fashion from the record closing low, gaining 6 paise to end at 70.10 against the US currency.

Meanwhile, the benchmark BSE Sensex rose nearly 100 points to hit another record of 38,989.65, and Nifty too hit a peak of 11,751.05, up 12.55 points or 0.11 per cent.
 


More news from