Rupee falls to new low of 85.27 as importers stock up dollar at month end
By DHEERAJ GUPTA 2024-12-27 10:29:50
As importers stock up on dollars at the end of the month, the rupee drops to a new low of 85.27.
The rupee fell to a new low of 85.27 a dollar due to a rise in the dollar index, coupled with importers’ month-end demand for the American currency, according to dealers. The local currency had settled at 85.20 on Wednesday.
