Rupee tanks 48 paise to close at record low of 78.85 against US dollar

Updated: Jun 28 2022 5:56PM

Rupee tanks 48 paise to close at record low of 78.85 against US dollar

Mumbai, Jun 28 (PTI) The rupee plunged by 48 paise to close at record low of 78.85 (provisional) against the US dollar on Tuesday, weighed down by persistent foreign capital outflows and a surge in crude oil prices.

At the interbank foreign exchange market, the rupee opened lower at 78.53 against the greenback and finally settled at 78.85, down 48 paise over its previous close.

During the session, the rupee touched an all-time low of 78.8550 against the American currency.