Currency Buzz: INR Hits New Record Low At Rs 77.87/$

10 Jun 2022 , 02:17 PM

The Indian rupee hit yet another record low in early hours on Friday, 10 June 2022 amid weak global sentiments, strengthening dollar, elevated crude prices widening the countrys trade deficit and persistent capital outflows. At the interbank foreign exchange, the rupee opened on a weak note at 77.81 against the American dollar, then lost ground to quote at 77.87 ? its all-time low level, registering a fall of 13 paise from the last close. On Thursday, the rupee fell by 6 paise to close at 77.74 against the US dollar. The dollar index, which measures the greenback against six peers, was steady at 103.33 after a 0.7% overnight gain tracking 10-year Treasury yields that held steady at the key 3% threshold. Powered by Commodity Insights