News > Rupee falls below 79/$ as stocks plunge

Rupee falls below 79/$ as stocks plunge

The Free Press Journal | 01/07/2022 11:50 AM | Click to read full article

The rupee depreciated 5 paise to a record low of 79.11 against the US dollar in opening trade on Friday as persistent foreign funds outflows weighed on investor sentiments. 

The rupee opened low as there are no signs of fund flows or strength in Asian currencies, Brent crude oil prices coming down or a pause in interest rate hikes.