Rupee hits all-time low, touches 20.69 against dirham

Rupee hits all-time low, touches 20.69 against dirham

Indian rupee hits all-time low, touches 20.69 against UAE dirham. The rupee may also test 76.50 levels in the coming days and weeks, says experts. The Indian rupee opened higher by 21 paise at 74.77 per dollar on Friday versus Thursday's close 74.98.. The rupee was trading at 20.40 against the UAE dirham, at 8:35 am (UAE time), according to XE.com. On Thursday the rupee ended at fresh record closing low but recovered some lost ground, it fell 72 paise to ends at 74.98 against the dollar.. The rupee may test 76.50 in the coming days and weeks, according to Abhishek Goenka, chief executive at India Forex Advisors.. "In such a risk-averse situation, when investors are unloading equities, bonds and currency, no level has any sanctity.". Hitesh Jain, lead analyst at Yes Securities, said the rupee volatility will persist unless the adverse impact of the pandemic on the global financial markets abates.. "Though falling current account deficit - thanks to low oil prices - and stronger balance of payment is a positive for the rupee, markets are clearly positioned for a risk-off trade.. We see rupee in the range of 74-76 for the next one to two months," he