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The Indian rupee on Thursday plunged 30 paise to hit an all-time low of 77.55 in opening trade against the U.S. dollar amid a broader decline in Asian currencies and a lacklustre trend in the domestic equity markets.
Snapping its two-day winning streak, the rupee slumped by 15 paise to end at 77.40 (provisional) against the US dollar on Thursday, following risk-off sentiments amid increasing concerns over inflation globally.
With the rupee hitting an all-time low, imports, foreign education, and travel could all get expensive. Here’s why.
The rupee declined 26 paise to close at 76.68 against the US dollar on Monday