Rupee falls to record closing low before US Fed decision

The rupee fell to its record closing low on Wednesday as an uptick in the dollar index pressured the local unit ahead of the US Federal Reserve's monetary policy decision later in the day.

Source: Unsplash

The rupee ended at 83.40 against the dollar, compared with its close of 83.3875 in the previous session.

Source: Unsplash

The rupee hit a record low of 83.42 on November 10.

Source: Unsplash

The dollar index rose 0.2 per cent to 103.97, weighing on other Asian currencies as well. The Philippine peso led losses with a drop of more than 1 per cent.

Source: Unsplash