The rupee opened at 89.70 against the US dollar at the interbank foreign exchange market and then fell to a record low of 89.85 per dollar, showing a decline of 32 paise from its previous close.
रुपया पहली बार ऐतिहासिक गिरावट पर, ₹90 के करीब पहुंची कीमत
The rupee fell 32 paise to an all-time low of 89.85 against the US dollar in early trade on Tuesday due to the broad strength of the US currency in overseas markets and continued foreign capital outflows.
Forex dealers said strong demand for the dollar from companies, importers, and foreign investors put pressure on the rupee.
The rupee opened at 89.70 against the US dollar in the interbank foreign exchange market. It then fell to a record low of 89.85 against the US dollar, a decline of 32 paise from its previous close.
The rupee had closed at 89.53 against the dollar after falling to 89.79 during the day’s trade on Monday.
Meanwhile, the dollar index, which gauges the US dollar’s position against six major currencies, stood at 99.41.
On the domestic stock market front, the Sensex fell 223.84 points, or 0.26 percent, to 85,418.06 in early trade, while the Nifty slipped 59 points, or 0.23 percent, to 26,116.75.
International benchmark Brent crude oil declined 0.03 percent to $63.15 per barrel.
According to stock market data, foreign institutional investors (FIIs) were sellers on Monday, selling shares worth a net Rs 1,171.31 crore.
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