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Rupee plunges 48p to all-time low of 78.85/$

PTI

Updated At : 03:16 PM Jun 29, 2022 IST

Mumbai, June 28

The rupee plunged by 48 paise to close at record low of 78.85 against the US dollar on Tuesday, weighed down by persistent foreign capital outflows and a surge in crude oil prices. It opened lower at 78.53 against the greenback and settled at 78.85.

“The Indian rupee touched an all-time low against the US Dollar amid weak domestic equities and a surge in crude oil prices. Sustained selling by foreign investors also put downside pressure on rupee,” Anuj Choudhary — Research Analyst at Sharekhan by BNP Paribas said.

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Rupee plunges 48p to all-time low of 78.85/$

PTI

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