Rupee falls 4 paise to hit all-time low of 84.11 against USD
MUMBAI [Maha Media]: The rupee on Monday fell 4 paise to a record low of 84.11 (provisional) against the US dollar, tracking a weak trend in domestic equities and relentless foreign capital outflows.
Forex traders said the Indian rupee touched new all-time lows weighed down by negative domestic markets which fell nearly 1.18 per cent. A recovery in crude oil prices and FII outflows also dented investor sentiments.
However, the softening of the US dollar prevented a sharp fall.