Rupee Hits New All-Time Low As Dollar Climbs To 20-Year Peak

Thursday, 22 September 2022newsdesk

The rupee weakened to a new record low early on Thursday as the greenback climbed to a fresh two-decade high after the US Federal Reserve hiked interest rates and projected a more aggressive policy path in the current tightening cycle.

New Delhi, 22 September 2022

As per news report of NDTV, Bloomberg quoted the rupee at 80.4863 against the greenback after hitting 80.4875, a record low compared to its previous close of just below the psychologically key 80-per-dollar mark. PTI reported that the domestic currency fell 42 paise to a fresh all-time low of 80.38 against the US dollar in early trade.

Source - NDTV