Rupee At Record Low, Dollar At 81.20 At 20-Year High
Rupee has seen falling for the second consecutive day.
Rupees have reached the lowest point of all time against the dollar.
On Friday, the rupee fell by 41 paise to an all-time low of 81.20 against the dollar.
The rupee's fall was driven by US Treasury yields hitting a multi-year high and higher dollar demand from importers.
On Thursday, Rupee has lost the percentage of the biggest single session falling since February.
The rupee had lost 99 paise against the dollar on Thursday.
At the same time, the results of US bonds jumped 4.1%. Traders say that due to non-aggressive intervention from the Reserve Bank of India (RBI)
The 10-year US Treasury yield has risen by 3.70 per cent and the two-year Treasury yield by 4.16 per cent.