₹ hits new low of 85.12 vs $
Business Standard|December 24, 2024
The rupee hit a new low of 85.12 per dollar on Monday due to month-end demand for dollars among importers and tracking weakening of the Chinese Yuan, said dealers.
ANJALI KUMARI

The rise in crude oil prices further weighed on the domestic currency.

The local currency had settled at 85.02 per dollar following a choppy trade on Friday after touching ₹85.11 per dollar before regaining lost ground against the greenback on the back of FTSE (Financial Times Stock Exchange) rebalancing inflow. In this calendar year (CY24), the rupee has depreciated by 2.24 per cent. In December so far, it witnessed 0.73 per cent depreciation.

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