Market News
Rupee hits record low as Trump claims victory, regional currencies drop - REUTERS
MUMBAI, Nov 6 (Reuters) - The Indian rupee fell to a record low on Wednesday, hurt by a sharp rise in the dollar and U.S. bond yields as Republican Donald Trump claimed victory in the U.S. presidential election.
The rupee closed at 84.28, down 0.2% from its previous close, in what was its worst single-day fall in over four months.
However, intervention by the Reserve Bank of India helped the currency limit losses compared to its regional peers, which fell as much as 1.8%.
