Rupee falls 4 paise to hit all-time low of 84.11 against USD

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.
 

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