The Indian rupee dropped to an all time low of 80.05 per dollar after opening at 79.98 per US dollar on Tuesday morning against the previous close at 79.97 per dollar. Rising crude oil prices, widening trade deficit, strengthening dollar and an outflow of foreign portfolio investors have caused the rupee to drop by 7 per cent against the dollar in 2022.
On Monday, the Indian rupee had breached the 80 per dollar mark in the intra-day spot trading, according to local media reports.
Read more about Rupee hits new low; breaches 80 per dollar for first time
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