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Thursday, December 26, 2024  
23 Jumada Al-Akhirah 1446  

Stumbling rupee hits another all-time low against the dollar

Greenback soars to Rs176 in interbank market, while trading at Rs178 on the open market

The US dollar on Friday reached another all-time high against the rupee, soaring to Rs176 in the interbank market in intraday trading.

In the open market, meanwhile, the dollar rose by Rs1.70 and was being traded at Rs178.

On Wednesday last week, the rupee had closed below the 170 level for the first time in over a month in the inter-bank market after a 3.1% gain on the back of Saudi Arabia's support package.

The gain came after the rupee had earlier dropped to its lowest level, closing over the 175 level for the first time on October 26.

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