The rupee weakened to a new record low early on Thursday as the greenback climbed to a fresh two-decade high after the US Federal Reserve hiked interest rates and projected a more aggressive policy path in the current tightening cycle.
Bloomberg quoted the rupee at 80.4863 against the greenback after hitting 80.4875, a record low compared to its previous close of just below the psychologically key 80-per-dollar mark.
PTI reported that the domestic currency fell 42 paise to a fresh all-time low of 80.38 against the US dollar in early trade.
