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Rupee hits record low as dollar takes a breather from its ragged climb

Rupee hits record low as dollar takes a breather from its ragged climb

Rupee its 81.66. 81.46 per dollar from a record low of Rs.

The rupee was down from its record low on Tuesday as the dollar paused to take its massive breather, even as risks point to a volatile session after the past few days of devastation in the market.

The rupee finalized at 81.4588 after Bloomberg opened slightly stronger at 81.4875 as compared to its record low of 81.6612 on Monday.

The domestic currency rose 22 paise to 81.45 against the US dollar in early trade, PTI reported.

Amit said, “Rupee touched a new low of 81.65 and is slightly below another psychological mark of 82.00. Today, the pair is likely to open a little stronger near the level of 81.40 and trade at 81.20-82.00 level. will do.” Pabri, Managing Director of CR Forex Advisors.

“Unlike previous episodes of concerted intervention, this time the RBI seems to have shied away unnecessarily amid the current liquidity crisis,” he said, adding that the central bank’s success in keeping the domestic currency below 80 per dollar for almost 50 days. Referring to.

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