Rupee Collapses To Record Low, Reflecting A Wider Currency Market Crisis | Read

PUBLISHED ON: September 26, 2022 | Duration: 2 min, 23 sec

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The rupee collapsed to a new all-time low on Monday, marking its weakest close for the third straight session, as the dollar charged ahead, leaving behind a slew of currencies at lifetime or multi-year lows driven by fears that aggressive policy tightening by major central banks would hurt economic growth. Bloomberg showed the rupee was last at 81.5675, after crashing to a new record low of 81.5225 and having crashed to 81.6612, its weakest ever, during the session on Monday.

 
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