Rupee plunges to all-time low of 81.55 against Dollar

Indian rupee on Monday touched a fresh record low against US dollar tracking losses in domestic as well as global equities markets.

The home currency opened at 81.55 and touched an all time low of 81.55 a dollar.

At 9.20am, the home currency was trading at 81.52 a dollar, down 0.64% from its previous close of 80.99.

This was the eight out of nine trading sessions when the currency declined and lost around 2.28% in this period.

All eyes are now on the next Reserve Bank of India's bi monthly policy where many analysts expect it may go for a 50 basis points hike.

Source: MC