scorecardresearchRupee falls to a lifetime low, breaches 81 mark versus Dollar

Rupee falls to a lifetime low, breaches 81 mark versus Dollar

Updated: 23 Sep 2022, 05:08 PM IST
TL;DR.
The Rupee was trading at 80.998 at 4 pm IST, and was trading at 80.856 vs dollar in the afternoon. Globally, the dollar has surged over the past few days as the US Fed has signalled a longer-than-expected tightening cycle.
While the focus remains on the US dollar, it is worth pointing out that against other major currencies, including the euro, yen, and sterling, the rupee has strengthened, not weakened, this year (Shutterstock)

While the focus remains on the US dollar, it is worth pointing out that against other major currencies, including the euro, yen, and sterling, the rupee has strengthened, not weakened, this year (Shutterstock)