Rupee depreciates 1.27pc against USD for 8th straight week

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rupee us dollar

Rupee slipped 1.27 percent (-Rs2.31) against the US dollar for the eighth straight week due to political uncertainty in the country and surging oil and commodity prices globally amid Russia-Ukraine war.

The rupee slipped from 181.72 to Rs184.09 against the American currency in the interbank market last week. The rupee set two all-time lowest levels of 178.63 and 178.61 against the US dollar during the week.

The rupee has set 15 all-time lowest levels in the interbank market against the greenback during the last 17 sessions.Overall, the rupee shed Rs2.31 during the last five days of this week. —TLTP

 

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