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Rupee falls to all-time low against US dollar

16/04/2020 at 6:55 PM

Mumbai, April 16: The Indian rupee tanked 43 paise to settle at an all-time low of 76.87 against the US dollar today.

As per reports, the Forex traders said the weakness in the rupee was largely due to strengthening of the US Dollar against a basket of currencies as investors fled to safe haven greenback amid weakening risk appetite in the markets.

The rupee opened weak at 76.75, and during the day lost further ground to settle at 76.87, registering a fall of 43 paise over its previous close.

During the session, the rupee moved between 76.68 and a low of 76.87 against the US dollar.

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