Indian Rupee Falls To A New Low Of 77.76 Versus US Dollar
The Indian rupee fell to a new record low of 77.76 versus the US dollar on May 19, owing to a stock market collapse. For the seventh time in the previous ten days, the Indian rupee has reached new lows. The rupee finished at 77.72 on the interbank foreign exchange market, down 10 paise from the previous day's closing.