Dollar reaches new high, surpasses Rs192

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The rupee continued to lose ground against the US dollar on Thursday, as the greenback reached an all-time high of Rs192 in the interbank market.

The dollar breached the 191-mark at the day’s start and soared to Rs192.20 around 11:45am, appreciating by Rs2 from the previous day’s close of 190.20 — the record high value for the dollar before today’s session.

This freefall of the rupee against the dollar has also been attributed to the country’s high import bill as well as delay in the release of a $1 billion tranche by the International Monetary Fund.

 

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