Currency Market News: Rupee hits all-time low of 85.63 against US dollar, down 23 paise
Rupee continued its downward trajectory on Wednesday, slipping 23 paise to hit a new low of 85.63 against the US dollar in early trade. The slide was largely driven by a stronger greenback and rising crude oil prices, coupled with increased month-end dollar demand from exporters and banks. At the interbank foreign exchange market, the…