Rupee at Its Lifetime Low Against Dollar

The rupee hit a lifetime low in opening trade on Monday as a sharp surge in international crude oil prices threatened to push inflation up.

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Rupee hits today bottom rock. The partially convertible rupee was trading at 76.92/93 per dollar, after touching 76.96, its weakest level ever.

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As per PTI reports, on the interbank foreign exchange, the rupee opened at 76.85 against the US dollar, then slipped further to 76.98, registering a decline of 81 paise from the last close.

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The Indian Rupee started weak this Monday morning as the dollar spiked along with crude oil this morning, said Sriram Iyer, senior research analyst at Reliance Securities.

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The US dollar and the yen are trading stronger this Monday morning in Asian trade as investors moved towards the safe-haven assets, Iyer noted.

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The Indian rupee has been hit amidst the global economic turmoil caused by the Russia-Ukraine war.

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