Market News
Wider trade deficit, tepid capital flows push rupee to all-time low - REUTERS
By Nimesh Vora
MUMBAI, Dec 26 (Reuters) - The Indian rupee hit a lifetime low for the seventh straight session on Thursday, adding to its losses in the current quarter on the back of a combination of a wider trade deficit and anaemic capital flows.
The rupee dropped to an all-time low of 85.2525 per U.S dollar, tracking a decline in most of its Asian peers.
It has lost 1.74% since the beginning of October and is headed for its worst quarterly performance since July-September 2022.
