Rupee hits record low of 83.30/$ – Times of India

by The Technical Blogs

MUMBAI: The rupee fell to a record low in the last minute of trade on Wednesday, on the back of heavy demand for the dollar and elevated US yields. It ended at a record closing low of 83.29 after touching a lifetime low of 83.30 just before close. The level was breached despite intermittent dollar selling by RBI in recent sessions.

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