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Rupee at new low against $

Truthprevail by Truthprevail
December 28, 2024
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Rupee at new low against $

Photo for representational purpose only. File photo

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Mumbai, Dec 28, 2024 :  The rupee fell sharply to hit its lifetime intraday low of 85.80 on Friday, marking its steepest drop in almost two years, before a suspected intervention by the central bank helped recover some of its losses.

It settled 23 paise lower at a record low of 85.50 (provisional) against the US dollar due to an increased month-end demand from banks. The domestic unit has been hitting new lows in the past couple of weeks.

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