“The rupee plunged by 16 paise to close at an all-time low of 82.33 against the US currency in early trade on Thursday due to a surge in US bond yields, risk-averse sentiment among investors, and firm crude oil prices. At 9.30 am, the home currency was trading at 82.30 a dollar, down 0.5% from its previous close of 81.89. The currency opened at 82.19 and touched an all-time low of 82.33. On Thursday, the Indian currency for the first time closed below the 82 level against the greenback. It plunged 55 paise to close at a record low of 82.17 against the US currency In this episode of the Editorial our Managing Editor Mr Sujit Nair shares his take.
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