IANS | 07 Oct, 2022
Indian rupee on Friday fell sharply to its all-time low of 82.33 against
the dollar owing to a rise in US bond yields and firming up of crude
oil prices.
Rupee had closed at 81.89 on Thursday.
It
was trading at 82.30 against the dollar in the morning after opening at
82.19 a dollar. Later, it touched an all-time low of 82.33 against the
dollar.
The all-time low plunge in the rupee has come a day after
the World Bank had on Thursday cut India's growth forecast for this
financial year by a full percentage point amid rising inflation and
adverse geo-political conditions.
