Rupee Down To Close 80.86 Against US Dollars 

The Indian rupee down to 90 paise to close at an all-time new low of 80.86 against the US dollar after the US Federal Reserve's interest rate hike.

The US Fed hiked interest rates by 75 basis points to 3-3.25 percent. It finally ended at 80.86

On the internet foreign exchange market, the local currency opened at 80.27

Asian currencies opened weaker, with the Chinese Yuan slipping below 7.10 to the US dollar.

It was the biggest single-day fall ever In the US after US Federal Reserve hinted at a more aggressive rate.

The Indian currency is not so far from hitting more than 81 per dollar for the first time ever.

Stay Updated

Latest Stories!