rupee depreciated by 9 paise to close at an all-time low of 90.41 against the US dollar, as uncertainty over the India-US trade deal
Mumbai: The rupee depreciated by 9 paise to close at an all-time low of 90.41 against the US dollar on Friday, as uncertainty over the India-US trade deal and persistent foreign fund outflows dented investor sentiment.
Forex traders said the rupee is under pressure, largely due to aggressive dollar purchases by importers amid surging global precious metal prices.
At the interbank foreign exchange, the rupee opened at 90.43 against the US dollar, then fell further to a record intraday low of 90.56 against the greenback, registering a fall of 24 paise from its previous close.
The unit settled the day at 90.41 against the US dollar, down 9 paise over its last close.
On Thursday, the rupee had plunged 38 paise to close at an all-time low of 90.
