Rupee at all-time low of 84.09 on equity outflows

The rupee on Friday fell 11 paise, revisiting its all-time low of 84.09 (provisional) against the US dollar, tracking a weak domestic equity market and continued FII outflows. The situation in West Asia continues to be volatile and might keep...

PTI

Mumbai, Updated At : 10:02 AM Oct 12, 2024 IST

The rupee on Friday fell 11 paise, revisiting its all-time low of 84.09 (provisional) against the US dollar, tracking a weak domestic equity market and continued FII outflows. - File photo

The rupee on Friday fell 11 paise, revisiting its all-time low of 84.09 (provisional) against the US dollar, tracking a weak domestic equity market and continued FII outflows.

The situation in West Asia continues to be volatile and might keep oil prices high and the rupee weak, according to forex traders. “The RBI allowed rupee to weaken past 84 as FPIs continued to buy USD to take their money out of the country,” said Anil Kumar Bhansali of Finrex Treasury Advisors LLP.