Business Standard

Rupee closes at new low against US dollar amid risk-off mood

The dollar index traded above 113-levels for the first time since 2002 as deep tax cuts in the UK sent the sterling to a record low

Photo: Bloomberg
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Photo: Bloomberg

Reuters Mumbai
The Indian rupee marked its record low close for a fourth straight session on Monday as the British pound's weakness propped up the dollar index further in a risk averse environment.

The partially convertible rupee slid 0.8% to 81.6225 per dollar, having touched a new low of 81.6526 during the day, as stocks and currencies tumbled across Asia on global growth concerns.

The dollar index traded above 113-levels

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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