Rupee closes at new record low vs dollar
Mint Chennai|January 04, 2025
Reports of the central bank selling US dollars supported the rupee at lower levels, traders said
PTI

The rupee depreciated 4 paise to close at a record low of 85.79 against the US dollar on Friday, as strong dollar demand from importers and a muted trend in domestic equities weighed on investors' sentiments.

Forex traders said the dollar gained against most currencies during 2024 and continued to remain on a strong footing this year.

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