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Rupee Hits Record Low Despite RBI Intervention

24 0
monday

New Delhi: The rupee fell to an all-time low on Monday, December 6, pressured by a robust US dollar and weak capital inflows amid concerns over slowing economic growth. The currency slid to 85.84 against the US dollar, marginally surpassing its previous record low of 85.8075 reached in late December.

The rupee ended the trading session at 85.8275, marking a 0.1% decline for the day. Persistent dollar demand and bearish sentiment around the rupee kept it under pressure, despite........

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