Rupee Suffers Yet Another Record Low, Slips Below 82 Against US Dollar

In a first, the rupee suffered a record low of 82.24 against the US Dollar on September 7, 2022 in early trade. Rupee declined by 30 paise (0.37%) to 82.19 in morning trade. It declined further to 82.38 or 0.6% in opening trade, its new record low against US Dollar.

The previous record was Rs 81.95.

Earlier on October 6, the rupee fell by 55 paise to close at an all-time low of 82.17 against the US currency due to a stronger dollar in overseas markets and firm crude oil prices.

Yesterday the Indian currency for the first time closed below the 82 level against the US greenback as heavy dollar demand from oil importers and growing expectations of a Fed rate hike weighed on the local unit.