New Delhi: The rupee on Tuesday fell to its all-time low of 79.36 per dollar (provisional) against the US dollar. The weakening of the dollar overseas and the continued withdrawal of foreign institutional investors from capital markets weighed on the rupee’s sentiments. The rupee opened at 79.04 in the interbank foreign exchange market. During trading, it touched a high of Rs 79.02 and a low of Rs 79.38.
At the end of trading, the rupee closed down by 41 paise at Rs 79.36 per dollar (tentative) against its previous closing price of Rs 78.95 per dollar. Anuj Choudhary, the Research Analyst, Sharekhan by BNP Paribas, said the Indian rupee touched a new record low against the US dollar on Tuesday due to a strengthening dollar and weaker than expected domestic economic data.
The dollar index, which gauges the strength of the dollar against the world’s six major currencies, rose 0.89 percent to 106.07. Meanwhile, Brent crude futures, the standard crude oil, fell 1.10 percent to $112.25 per barrel in the international market. The 30-share Sensex of BSE closed at 53,134.35, down 100.42 points.
