Rupee falls 43 paise to all-time low of 81.52 against US dollar:
On Friday, the rupee slumped 30 paise to close at a fresh lifetime low of 81.09 against the US dollar.
The rupee depreciated 43 paise to an all-time low of 81.52 against
the US dollar in early trade on Monday as the strengthening of the American currency
risk-averse sentiment among investors weighed on the local unit.
Focus now shifts to RBI's meeting this week, with its decision due on Friday.
We expect RBI to hike rates by 50 bps to cool stubbornly high inflation and prevent the currency from weakening further
Global oil benchmark Brent crude futures fell 0.58 per cent to USD 85.65 per barrel.
Friday as they offloaded shares worth ₹2,899.68 crore, as per exchange data.