Rupee hits new lows vs US dollar, analysts see more weakness2 min read . Updated: 22 Jun 2022, 04:44 PM IST
- Rupee rate today: The dollar index and the U.S. bond yields are getting support from the U.S. Fed’s aggressive rate hike plans and putting pressure on emerging market currencies, including the rupee.
Indian rupee today fell to fresh record low of 78.40 against the US dollar amid broad weakness in emerging market currencies. The rupee had closed at 78.13 in the previous session. The dollar index hovered near two-decade highs of 104.507 as investors fretted over higher global interest rates and rampant inflation. The Sensex was down 700 points and was near day's lows.
Select your Category