Indian rupee hits record low, touches 20.49 against UAE dirham

The dollar today also surged against other Asian currencies.

The rupee fell sharply against the US dollar today to a record low as the greenback continued its rally against other global currencies.
The rupee fell more than 1 per cent on open to hit a record low of 74.98 against the US dollar.
According to XE.com, the rupee was trading at 20.49 against the UAE dirham, at 8:15 am (UAE time).
The previous record low for the local unit was 74. 50, a level hit on March 13, 2020.

The dollar today also surged against other Asian currencies as investors sold currencies, bonds and stocks in Asia to build a stockpile of the world's reserve currency.
The US dollar index, which measures greenback against a basket of six currencies, rose 0.24% to 101.40.
 

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