The rupee opened weak at ₹76.74 and then fell further to hit an all-time low of ₹76.87, down 43 paise over its last close The Indian rupee tanked 43 paise to close at an all-time low of ₹76.87 against the US dollar on Thursday tracking weak emerging markets and a sharp rise in coronavirus cases in the country.
Forex traders said the weakness in the rupee was largely due to strengthening of the US Dollar against the basket of currencies as investors fled to the safe haven greenback amid weakening risk appetite in the markets.
The rupee opened weak at ₹76.74 and then fell further to hit an all-time low of ₹76.87, down 43 paise over its last close. On Wednesday, the rupee closed at ₹76.44 against the US dollar.