Rupee hits record low amid slump in Asian currencies
Financial Express Mumbai|March 23, 2024
THE RUPEE FELL to a record low against the US dollar on Friday, pressured by a drop in the offshore Chinese yuan, surging greenback and strong domestic dollar demand close to the end of the session, traders said.

The rupee ended at 83.4250 against the dollar, its lowest closing level on record down 0.3% from its close at 83.1475 on Thursday.

The rupee hit an all-time low of 83.43 near the end of the session and fell 0.7% this week, the steepest decline in seven months.

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