Sunday, July 6, 2025
spot_img

Rupee records decade’s worst fall

Date:

Share post:

spot_imgspot_img

MUMBAI: Continuing its free fall, the rupee on Monday breached 63-mark a dollar to end at record low of 63.13, recording the decade’s worst single-day fall of 148 paise, heightening fears that more capital control steps could be in the offing.

Weighed down by heavy dollar demand and fall in stocks markets, the rupee fell to historic intra-day low of 63.30.

At the Interbank Foreign Exchange (Forex) market, the local currency opened sharply lower at 62.30 a dollar from its previous close of 61.65 but tried to recover later to a high of 62.21. Rupee again turned negative and finally ended at 63.13, logging a fall of a massive 148 paise or 2.40 per cent.

The previous biggest fall in decade was the 124 paise or 2.57 per cent plunge on September 22, 2011. (PTI)

spot_imgspot_img

Related articles

After Paul, now Rymbui bats for MRSSA over ILP

By Our Reporter SHILLONG, July 5: While pressure groups are raising a renewed pitch for ILP in Meghalaya, the...

In this image via PMO, Prime Minister Narendra Modi pays homage at the San Martin Memorial, in Buenos Aires, Argentina, on Saturday

In this image via PMO, Prime Minister Narendra Modi pays homage at the San Martin Memorial, in Buenos...

Police use water cannon to disperse Congress workers during a protest demanding the resignation of Kerala Health Minister Veena George over the death of...

Police use water cannon to disperse Congress workers during a protest demanding the resignation of Kerala Health Minister...

Resistance from landowners, locals delays border fencing work in state

By Our Reporter SHILLONG, July 5: The border fencing working in Meghalaya is progressing at snail’s pace despite concerted...