A customer holds hundred rupees Indian currency notes near a roadside currency exchange stall in New Delhi, India, May 24, 2024. REUTERS
Indian twenty rupee currency notes are displayed at a roadside currency exchange stall in New Delhi, India, May 24, 2024. REUTERS
MUMBAI, Jan 10 (Reuters) – The Indian rupee hit an all-time low on Friday, pressured by a firm dollar and as regional currencies stayed on the defensive ahead of the keenly awaited U.S. nonfarm payrolls report.
The rupee dropped to a record low of 85.9400 per U.S. dollar, down from 85.8475 in the previous session and past the prior all-time low of 85.9325 hit on Thursday.
The dollar index was around 109.12 ahead of the jobs data, due after Indian market hours.
The 10-year U.S. Treasury yield was around 4.68% in Asia hours. It hit an over eight-month high of 4.73% earlier this week.
Reporting by Dharamraj Dhutia; Editing by Savio D’Souza
