Business Standard

Rupee slips to fresh low against dollar for fourth straight trading session

The rupee opened weaker at 77.70/$ as compared to Wednesday's close of 77.58/$ and traded in a narrow range amid intervention from the central bank

Photo: Brent Lewin/Bloomberg
Premium

Photo: Brent Lewin/Bloomberg

Manojit Saha Mumbai
The rupee hit a new all-time low against the dollar for the fourth straight trading session as the currency ended at 77.73/$, amid continued risk aversion among investors over the prospects of the US Fed tightening interest rate policy. Intervention from the Reserve Bank of India (RBI) helped the currency to cap its losses.

The rupee opened weaker at 77.70/$ as compared to Wednesday’s close of 77.58/$ and traded in a narrow range amid intervention from the central bank. After touching the day’s low of 77.74/$, the currency closed the day at 77.73/$, weakening by 15 paisa than its previous close.

“The

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 20 2022 | 1:59 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com