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Forex Market: Indian rupee touches all-time low

Mumbai: In the forex market, the Indian rupee touched an all-time low against the US dollar and the UAE dirham. As per market experts, the sustained foreign fund outflows, strengthening of the US dollar and the negative trend in the Indian share market weighed upon the domestic currency.

At the interbank foreign exchange, the Indian rupee opened at 78.20 against the American dollar. During trading, it then  lost ground to reach  at 78.29 — its record low level, registering a fall of 36 paise from the last close. On Friday, the Indian rupee plunged  19 paise to close at a fresh lifetime low of 77.93 against the US dollar. The domestic currency is trading at 21.33 against the UAE dirham.

Also Read: Indian Railways cancels 144 trains: Full list 

The dollar index, which measures  the US currency’s strength against a basket of six currencies, was trading 0.30% higher  at 104.45.


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