Rupee Closes At A New All-Time Low Of Over 81 Per Dollar, Becoming The Weakest Ever

The rupee settled at 81.9738 per dollar on Friday, then fell to its lowest level on Thursday . The Reserve Bank of India intervened but still ended the day at its lowest level .

The rupee settled at 81.9738 per dollar on Friday, then fell to its lowest level on Thursday, according to Traders, as the Reserve Bank of India intervened but still ended the day at its lowest level as the dollar climbed to a new 20-year high, with almost 3 attempts and 48 trading sessions taking off all of the rupee's momentum before it crashed, according to Managing Director of CR Forex Advisors.