New Delhi: The Indian Rupee slipped to a record low of 95.73 (provisional) against the US dollar on Thursday, May 14, amid a strong dollar and worries over inflation.
At the interbank foreign exchange market, the rupee opened lower at 95.74 against the American currency. The USD/INR pair witnessed an intra-day high of 95.61 and an all-time intraday low of 95.96 against the greenback before settling at 95.73 (provisional), down 7 paise from its previous close.
Earlier on Wednesday, the Indian currency traded an all-time low of 95.80 against the US dollar,and later settled at 95.66 against the greenback.
The dollar index that gauges the greenback’s strength against a basket of six currencies, was trading at 98.51, down by 0.01 per cent.
Meanwhile, Gold June futures traded marginally lower on MCX, slipping Rs 66 or 0.04 percent to Rs 1,62,120 per 10 grams compared to the previous close of Rs 1,62,186. Silver also traded lower at MCX with the 1 kg contract opening at Rs 294450 against the previous close of Rs 298373. The prices were last seen trading at Rs 296722, down Rs 3516 or 1.17 percent. During the session, silver touched a high of Rs 299000.Despite the correction, silver continued to hold near elevated levels amid strong industrial demand linked to solar energy, EVs and AI infrastructure.
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