RUPEE ENDS AT FRESH ALL TIME LOW, GIVES UP AROUND 3% IN 2024

Published on Dec 31, 2024 17:57

The Indian rupee added to its losing spree and fell 12 paise on the day to an all-time closing low of 85.65 against the US dollar on Tuesday amid a weary undertone in local stocks. Rupee has been hurt heavily in recent months amid hefty foreign fund outflows, a firm US dollar and slowdown in economic growth. The rupee has depreciated for seven straight years now.