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Tuesday, October 22, 2024
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HomeIndiaIndia rupee drops to record low, hit by importers' dollar demand

India rupee drops to record low, hit by importers’ dollar demand

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MUMBAI (Reuters) – The Indian rupee dropped to a record low against the U.S. dollar on Wednesday, pressured by month-end dollar demand by importers, traders said.

The rupee declined to 83.7425 to the dollar, inching past the previous lifetime low of 83.74.

(Reporting by Siddhi Nayak; Editing by Savio D’Souza)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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