New Delhi: The Rupee Closes at a New All-Time Low of 77.73 Against the Dollar, the Fifth Record Weak Close in the last ten trading sessions, even as the dollar shop a breather after Heavy Gains and Global Stocks Tumbled on Increasing Concerns that Aggressive Tightening by the global central bank can suffocate growth.
Bloomberg showed a rupees that could be converted partly weakened to the end of his low life 77.73, while PTI reported that the currency ended temporarily at 77.72 per dollar.

In the foreign exchange market between banks, Rupees opened lower at 77.72 against Greenback and ranged from low 77.76 and the highest 77.63 in intra-derogant trade.

On Wednesday, Rupee was closed at the lowest record of around 77.61 against Greenback because of concerns about stubborn inflation and economic slowdown.

While Rupees have been closed at a new life level for the fifth time in the last ten days, the loss of currency can be more if the Reserve Bank of India does not intervene.

The Central Bank of India has defended Rupees by burning its foreign exchange reserves since Rupee reached the lowest record for the first time this year in March, a few days after Russia invaded Ukraine.

War on the edge of Europe has burdened global risk assets due to further fear of encouragement to high inflation and concerns that the actions of the central bank produced can burden economic growth.