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What is the story about?
Indian rupee LIVE updates: The rupee fell 23 paise against the greenback to settle at a new all-time low of 91.01 (provisional) on Tuesday (December 16), weighed down by relentless foreign fund outflows, no breakthrough in India-US trade deal, and persistent US dollar buying.
During the session, the local unit lost 36 paise from its previous close against the greenback to hit its lowest-ever level of 91.14, but regained some ground later in the day.
Even a weaker greenback and a sharp decline in global crude oil prices could not prevent the slide in the local unit, forex traders said.
The rupee has fallen from 90 a dollar to 91 in the last 10 trading sessions. The unit has slipped 1% against the greenback in the past five sessions alone.
Catch LIVE updates on rupee against dollar today:
During the session, the local unit lost 36 paise from its previous close against the greenback to hit its lowest-ever level of 91.14, but regained some ground later in the day.
Even a weaker greenback and a sharp decline in global crude oil prices could not prevent the slide in the local unit, forex traders said.
The rupee has fallen from 90 a dollar to 91 in the last 10 trading sessions. The unit has slipped 1% against the greenback in the past five sessions alone.
Catch LIVE updates on rupee against dollar today:
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