Rupee plummets to all-time low of 84.76 against USD
MUMBAI [Maha Media]: The rupee slumped to its all-time low of 84.76 (provisional) against the US dollar after dropping 8 paise on Wednesday amid a strengthening greenback and increase in crude prices.
Forex traders said a positive trend in domestic equity markets and foreign fund inflows supported the local unit at lower level.
At the interbank currency exchange, the rupee opened at 84.66 and traded in the range of 84.65-84.76. Eventually it settled at 84.76 (provisional), 8 paise lower than Tuesday's close of 84.68.