News > Rupee slides to 80/$ in intra-day trade, closes at record low of 79.98

Rupee slides to 80/$ in intra-day trade, closes at record low of 79.98

Indian Express | 19/07/2022 08:31 AM | Click to read full article

The rupee on Monday touched the psychological level of 80 per dollar but closed just below that mark at 79.98, amid foreign fund outflows and the rise in crude oil prices.

The rupee had opened strong at 79.75 but fell again towards the 80 levels, this time on the back of a supportive range from crude as Brent breached the $100 per barrel on less chance of recession in the US.