Rupee falls to new low as US dollar index rises to fresh 20-year high

The rupee on Monday settled at a fresh low against the dollar as the greenback firmed up globally owing to fears of weak economic growth worldwide amid a worsening energy crisis in Europe, dealers said.

The domestic currency ended at 79.44 as against 79.25 at the previous close. The previous record closing low was 79.35 on July 5. So far in 2022, the rupee has lost 6.4 per cent against the dollar.

The US dollar index, which measures the greenback against six rival currencies, rose to a fresh 20-year high of 107.74 on Monday. The previous close was 107.01, the Bloomberg data