
Rupee falls 10 paise to close at all-time low of 92.40 against US dollar
MUMBAI, Mar 16: The rupee weakened by 10 paise to settle at a fresh record low of 92.40 (provisional) against the US dollar on Monday amid surging crude oil prices and incessant withdrawal of foreign funds triggered by geopolitical uncertainties. The local currency, however, resisted a sharp fall backed by a significant recovery in domestic equity markets amid hopes of the reopening of the Strait of Hormuz, according to forex traders. At the interbank foreign exchange, the local unit opened [...]The post Rupee falls 10 paise to close at all-time low of 92.40 against US dollar appeared first on Daily Excelsior.









