Fell to Rs 85.82

The rupee hit a new low in the Mumbai currency market today as the dollar continued its record rally against the rupee. Market experts say that as the stock market fell amid the fear of the spread of new viruses like Corona, pressure on the rupee also increased in the currency market. This morning, after opening at Rs 85.79, the dollar rose sharply to Rs 85.85 and last closed at Rs 85.82. In terms of intra-day high prices as well as closing prices, the rupee made new lows today. Dollar outflow increased.

However, today there were reports of some public sector banks selling dollars due to the so-called Reserve Band suggestion. Market experts were predicting the possibility of the rupee falling to Rs 86 by the time America’s new President Trump assumes power on January 20.

foreign exchange prices