Commodity Superfast: Rupee Declines 43 Paise, Hits Record Low Of 78.77 Against US Dollar

Rupee is depreciating continuously against dollar. Rupee weakens by 43 paise to close at 78.77 against dollar. Dollar fell to a low of ₹78.84. Rupee fell 6% from this year's high. The strength of the dollar is putting pressure on the rupee. The dollar index strengthened more than 8% this year. Due to the rise in interest rates in the US, the strength of the dollar increased.