Uncertainty around the US Federal Reserve's future rate trajectory further weighed on the local currency, according to dealers.
The previous low of 84.42 per dollar was recorded on Thursday last week. While the domestic currency has depreciated 0.5 per cent against the dollar in November, it has outperformed most other Asian currencies.
Market participants said the Reserve Bank of India (RBI) intervened in the foreign exchange market via dollar sales, preventing further depreciation.
Denne historien er fra November 22, 2024-utgaven av Business Standard.
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Denne historien er fra November 22, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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