Rupee falls 19 paise to close at lifetime low of 80.98 against US dollar

MUMBAI: The rupee slumped 19 paise to close at a fresh lifetime low of 80.98 against the US dollar on Friday, weighed down by the strong American currency overseas and risk-off sentiment among investors. At the interbank foreign exchange market, the local currency breached the 81-mark for the first time ever and slumped to 81.23 […]

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Rupee tanks 90 paise to close at all-time low of 80.86 against US dollar

MUMBAI: The rupee plunged 90 paise to close at an all-time low of 80.86 (provisional) against the US dollar on Thursday after the US Federal Reserve’s interest rate hike and its hawkish stance weighed on investor sentiments. Forex traders said the US Fed’s rate hike and escalation of geopolitical risk in Ukraine sapped risk appetite. […]

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