Rupee ends at fresh all time low, gives up around 3% in 2024

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.

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