The rupee fell 4 paise to a record low of 84.11 against the US dollar, affected by weak domestic markets and ongoing foreign outflows. Crude price hikes and a softening dollar also played a role.

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The rupee slipped 4 paise to close at an all-time low of 84.11 (provisional) against the US dollar on Monday, weighed down by weak domestic markets and persistent foreign capital outflows, as per PTI. Forex traders noted that the rupee’s record low reflected a negative trend in domestic equities, which dropped by nearly 1.18 percent, alongside ongoing foreign investor selling.
At the interbank foreign exchange market, the rupee opened at 84.07 per US dollar, fluctuating between a high of 84.06 and a low of 84.12 during the trading session. It finally settled at 84.11, marking a decline of 4 paise from its previous close. On Thursday, the rupee had shown minor recovery, gaining 1 paisa to reach 84.07 against the dollar. However, the forex market remained closed on Friday due to the Diwali holiday.