Indian Rupee slumps to all-time low of 77.42 against US dollar

At the interbank foreign exchange, the rupee opened at 77.17 against the American dollar, then lost ground to quote at 77.42

Rupee opens at 76-mark, slips 32 paise against US dollar

Forex traders said risk appetite has waned and there is growing concern about a resurgence of COVID-19 infections

The rupee opened weak at 76.32 at the interbank forex market and then fell further to 76.43

The rupee opened weak at 75.83 at the interbank forex market and then fell further to 75.85, down 21 paise over its last close

Forex traders said weak opening in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown

At the interbank foreign exchange, the rupee opened at 76.02, registering a rise of 18 paise over its previous close

Investor sentiments recovered after Reserve Bank hinted at a rate cut at the next Monetary Policy Committee meet on April 3: Forex traders

The numbers highlighted the persistent structural slowdown in the economy and firmed expectation of further monetary easing by the RBI.

Indian rupee is the 16th currency to be accepted for transaction at Dubai Duty-Free since its opening in December 1983.

A softening of oil prices has also eased the pressure on the Indian rupee.