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13 Jun, 22
13 Jun, 22
currency, dollar to rupee, highest currency to inr

Rupee slips to all-time low against US Dollar…

The rupee slipped 36 paise to its all-time low of 78.29 against the U.S. dollar in early trade on June 13, as investors flocked to safer investments

By Qrius

highest currency to inrThe US Dollar gained ground on most currency indices

The Indian rupee on Monday weakened beyond the 78 mark for the first time to hit an all-time low against the US dollar, as global equities and currency markets saw a downturn. 

Persistent foreign capital outflows, rising commodity prices and inflation weighed on investor sentiments, as global outlook switched to risk-adverse conditions.

At the interbank foreign exchange, the rupee opened at 78.20 against the American dollar, then lost ground to quote at 78.29 — its record low level, registering a fall of 36 paise from the last close.

On Friday, the rupee was on a downward trend, tumbling 19 paise to close at a fresh lifetime low of 77.93 against the U.S. dollar.

The dollar index, which gauges the US currency against a basket of global currencies, was trading 0.30 per cent higher at 104.45.

On the domestic equity market front, the 30-share Sensex was trading 1,461.54 points or 2.69 per cent lower at 52,841.90, while the broader NSE Nifty tanked 418.95 points or 2.59 per cent to 15,782.85.

Foreign institutional investors offloaded equity worth INR 3,973.95 crore, as per stock exchange data.


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