Rupee closes at record low hurt by weak yuan, rise in US bond yields
Hindustan Times West UP|December 17, 2024
MUMBAI: The Indian rupee declined to its weakest closing level on record on Monday, hurt by a rise in US bond yields, weakness in the Chinese yuan, and data which showed that India's merchandise trade deficit widened to a record high in November.
Reuters
Rupee closes at record low hurt by weak yuan, rise in US bond yields

The rupee closed at 84.8625 against the US dollar, down nearly 0.1% on the day.

At the interbank foreign exchange, the rupee opened at 84.83 and touched 84.89 against the greenback during intraday trade.

On Friday, the rupee rebounded from its all-time low level and settled with a gain of 8 paise at 84.80 against the US dollar. The unit's previous all-time low level was recorded on December 12 when it closed at 84.88 against the dollar.

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